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500 and 1000 Notes in India Banned – India Fights Against Currency of Black Money

500 and 1000 Notes in India Banned – India Fights Against Currency of Black Money

The Prime Minister of India Narendra Modi Has Declared the demonetization of Rs. 500 and Rs. 1000 notes on 8th November 2016, Tuesday night. The whole country is shocked to this sudden news and act in the direction provided by Government. Nation of India is majorly dependent on the case value of Rs. 500 and Rs 1000 notes. In India major issue is terror activity from the crossing border and flush out the entire Nation’s black money that reasons government decide to circulation of the counterfeit notes. The government of India has Declare the major decision to scrap down the Rs. 500 and Rs 1000 notes on Tuesday Midnight and also that time they announced currencies will only carry the value paper on which they are printed.

500 and 1000 Notes in India Banned

All of you must worry about the currency of Rs. 500 and Rs. 1000 that you already have with you. We advise all of you to do not overreact and stay comfortable. The government scheme tells you to deposit all old currency at your nearby bank or the post office from 10th November to 30th December 2016. Everyone can easily exchange the bank notes from any bank or post office before the last date 24th November.

500 and 1000 Notes in India Banned

For the exchange maximum amount limit is the Rs. 4000. All of you keep in mind if you want to exchange your notes so you need to show your Aadhaar Card and PAN Card on Bank or Post Office. If you unable to exchange your notes before the 30th December 2016 and you want to exchange you notes after that, then you can deposit all the notes on Reserve Bank (RBI) with a decoration form.

We clarify to all that until November 11, 2016, here we inform you that Rs. 500 and Rs. 1000 notes will be accepted at:

  • Tourists can easily exchange these notes at all airports.
  • Also use at petrol pump and at government hospitals.
  • At Railway, government bus ticket counters and at the airline.
  • Consumer co-operative stores that are run by the state or central government.
  • All booth which authorized by the state like milk booth
  • At all the Crematoriums and burial grounds.

The Prime Minister of India Narendra Modi is announced at Tuesday night and after hearing the news huge bustle in the nation. But the whole scheme is designed by development of the whole nation. We are skypurl group update every future news about this great Narendra Modi move stay connect with us and bookmark this page.

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