PM Narendra Modi Says Rs. 500 And Rs. 1,000 Notes Being Discontinued.

#SurgicalStrike on #BlackMoney! What a bold move by PM #Modi!

From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow,".

These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.

People who possess Rs.500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017.

The ATM's will not function till November 9, and in some places till November 10.

#No_Corruption_India #BlackMoney #CleanTheRupee

Here's what you can do with your Rs 500, Rs 1000 notes:

1. Deposit old notes of Rs 500 and 1000 in banks or post offices between November 10 and December 30, 2016.

2. Those who are unable to, can exchange notes till March 31, 2017 at specified RBI offices after furnishing proper declaration.

3. There will be an initial limit of Rs 10,000 per day and Rs 20,000 per week on withdrawal of money. This limit is to be increased soon.

4. Rs 500, Rs 1000 notes will be accepted at hospitals, drug stores till Nov 12.

5. Arrangements have been made at airports so that travellers entering/leaving the country are not inconvenienced.

6. The notes can also be used at designated fuelling stations till Nov 12.

7. ATMs will not function on Nov 09 and at some places on Nov 10 as well.

8. No restriction on non-cash payments including transactions by cheques, demand drafts, electronic fund transfers, debit and credit cards.

Here we go New Currencies: