Home Top Story Narendra Modi said Rs 500, Rs 1,000 notes declared illegal from midnight

Narendra Modi said Rs 500, Rs 1,000 notes declared illegal from midnight

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New Delhi, Nov 8 (The News)

Executive Narendra Modi, in a sudden deliver to the country on Tuesday, declared that Rs 500 and Rs 1,000 section notes are being pulled back from midnight. He said that such notes will get to be “unimportant paper”.Modi said this was being done to handle the threat of dark cash in the nation, which has sapped the economy.

He likewise said that ATM withdrawals will be confine

to Rs 2,000 every day till November 11, when this utmost might be expanded slowly.The Prime Minister said that the Rs 500 and Rs 1,000 category notes can be saved in banks and post workplaces, furthermore traded over the bank counter by indicating government provided ID confirmation.

Withdrawals from financial balances will be restricted to Rs 10,000 for the initial few days.Banks have additionally been requested to stay close on Wednesday, he said.Modi said that for medicinal patients, the old notes will be accepted.He likewise said that retail petrol pumps will acknowledge such notes till November 11, after which the stations will need to keep an enlist of such notes for quite a while.

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