Removal of 1000 and 500 Notes by Indian Government
Today Prime Minister of India MR. NARENDER MODI declared 500 and 1000 rupee notes to be removed from India as declared by PM today and instead of it only new 500 and 2000 rupees notes will be made available. Bank Holiday is declared tomorrow and notes are declared as invalid from today midnight as Declared by Prime Minister MR. NARENDER MODI today.
Decision is Taken by PM to stop Black market and Funding for Terrorism.
Notes can be exchanged in post offices aswell as declared by Government.
Opposition and all parties have welcomed the decision and the decision is applied successfully.
Currency notes of upto 100 will also will be removed and only coins will be made available.
Government also declared from 25 November withdrawal from ATM will up to 4000 rupees allowed.
Government also declared from 25 November withdrawal from ATM will up to 4000 rupees allowed.
RBI Governor said that counterfiet note and genuine note looks same to public as fake notes currently launched also include security features. Other officials declared that this is bold and correct decision to stop pakistan and terrorists acting in fake note supply.