Rs 500, Rs 1000 bank notes not valid from midnight ATMs won’t work tomorrow Full Details In Gujarati & english
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Narendra Modi, in a sudden address to the nation, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight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 currencies
- We took many steps to contain the menace of black money
- We made an SIT on black money with a retiredd judge of Supreme Court
- We entered into agreements with various countries to contain black money transactions
- We introduced the amnesty scheme to announce black money\
- Corruption, black money etc are such things which are pushing teh country backwards
- Rs 125 lakh crores came out during amnesty scheme on black money
- Some people have misutilised their positions for corrupt practices
- Some honest people have fought corruption as well
- On one side terrorism, fake note currency is destroying the country and on the other corruption and black money is destroying the country
- Rs 500 and Rs 1000 notes will be invalid from November 8 midnight
- The process of cash circulation is directly related to corruption in our country impacting the lower classes of our society
- From Midnight Nov 8, 2016 today, Rs 500 and Rs1000 notes are no longer legal tender
- You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any Bank or Post office
- On November 9 and in some places, on November 10, the ATMs will not work
- ATMS will limit money to Rs 2,000 a day initially
- On November 9, all banks will remain closed for public work
- There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc ,Source : IndiaToday