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Rs 500, Rs 1000 bank notes not valid from midnight ATMs won’t work tomorrow Full Details In Gujarati & english.
Prime Minister Narendra Modi, in a sudden address to the nation, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight
Highlights:
This speech is for a special request that I am going to make to the nation.We are for empowerment of poors and for their rights.The various schemes launched by the government are aimed at empowering the poor. It shows the government is dedicated to the poor.Corruption and black market is a big hindrance in removing poverty.India a bright spot in global economy. This claim is not by us, but by the IMF.Corruption is the biggest bane for us. We are Number 70 on corruption index.Terrorism is being funded from across the border using fake currenciesWe took many steps to contain the menace of black moneyWe made an SIT on black money with a retiredd judge of Supreme CourtWe entered into agreements with various countries to contain black money transactionsWe introduced the amnesty scheme to announce black money\Corruption, black money etc are such things which are pushing teh country backwardsRs 125 lakh crores came out during amnesty scheme on black moneySome people have misutilised their positions for corrupt practicesSome honest people have fought corruption as wellOn one side terrorism, fake note currency is destroying the country and on the other corruption and black money is destroying the countryRs 500 and Rs 1000 notes will be invalid from November 8 midnightThe process of cash circulation is directly related to corruption in our country impacting the lower classes of our societyFrom Midnight Nov 8, 2016 today, Rs 500 and Rs1000 notes are no longer legal tenderYou have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any Bank or Post officeOn November 9 and in some places, on November 10, the ATMs will not workATMS will limit money to Rs 2,000 a day initiallyOn November 9, all banks will remain closed for public workThere will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc ,Source : IndiaToday
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