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BREAKING! Narendra Modi Leads Massive War on Black Money, Bans Rs 500 and Rs 1000 Notes!!!

In a massive black money hunt, Prime Minister Modi has announced the ban of all Rs 500 and Rs 1000 notes in India. This announcement came today when Narendra Modi declared that the Government of India has taken huge step to curb black money menace in the country.

Nareandra Modi has announced major steps which will come into effect from today midnight.

  1. The currency notes of Rs 500 and Rs 1000 notes will be longer legal from 8th November 2016.
  2. New notes of Rs 500 and Rs 2000 will be exchanged for old notes
  3. The old notes can be exchanged in banks, post offices from 10th November to 30th December 2016.
  4. A cap of 10,000/day and 20,000/week has been put for exchange of old notes
  5. For emergency situations, old Rs 500 notes will be accepted in all Hospitals, Petrol bunks,  and Pharmaceuticals.
  6. All banks will be closed for Public transaction on 9th November to in order to enable new notes from 10th November.
  7. People who fail to deposit or exchange the old notes before 30th December, can still go to the RBI office and get it exchanged until March 2017 providing valid ID proof and declaration form of the money.

Remember your money will be safe, all you need to do is deposit all the old notes to the banks or post office from 10th November to get new notes.

This is the most historic step taken by Modi to curb the Black money. He has categorically said that the terrorists are the ones who are misusing the black money. This has posed massive threat to National Security.


Aishwarya S

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