New Delhi, Nov 08, 2016: Prime Minsiter Narendra Modi on Tuesday announced scrapping of Rs 1000 and 500 currency notes from midnight Nov 8, 2016 to counter the menace of blackmoney and corruption.
In an important address to the nation PM Modi said people have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and 1000 in any Bank or Post office.
Also, people have respite for the initial 72 hours as all government hospitals would accept old Rs 500 and 1000 notes till 11 November midnight.
Further details are awaited.
Courtesy:Deccan Herald