PM MODI BANNED RS 500 AND RS 1000 CURRENCIES
10 Highlights of PM Modi’s Ban on Rs 500/- and Rs 1000/- Notes An announcement was made on Monday that Prime Minister Narendra Modi will address the nation on Tuesday at 8 PM. The address was really unplanned and unscheduled therefore the entire Media and the country was taken by surprise over the PM’s address to the nation. Here are the quick highlights of the PM Modi’s address on Tuesday. 1. All the currency notes of Rs 500/- and Rs 1000/- will be discontinued or banned or won’t be valid after the Midnight of 8th Nov. PM said “Currency notes of Rs 1000 and Rs 500 will be just paper with no value,” 2. A series of New Notes with Rs 500/- and Rs 2000/- denomination will be circulated soon. RBI has decided to limit the notes with higher values. There will be new Rs 2000/- in the market soon. 3. All the other notes with Rs 10, Rs 20, Rs 50 and Rs 100 denominations will not be affected. 4. From the Midnight of 8th Nov (from 9th Nov) and 10th Nov, many of the ATMs around the country