Rs. 500 & Rs. 1000 Note is illegal from Tonight 08th November 2016

Have you heard that Rs. 500 and Rs. 1000 notes will no more legal and you want to know is it real or fake then here I confirmed you that this is news is 100% correct and I am going to share the detail information of PM Nadrendera Modi Address.

Tonight  Prime Minister Narendra Modi, addressing the country, announced that Rs. 500 and Rs. 1000 notes will not be used from midnight onwards and become illegal from tonight (08th November 2016). The Rs.500 and Rs. 1000 notes must be deposited at post offices and banks by the end of 30th December, the PM said, adding the move was essential to fight “the disease of black money.” “Surgical Strike of Black Money”

Highlights of Prime Minister Narendera Modi Address Over Rs. 500 & Rs. 1000 Note:

500-note-illegal

  • We need to take a new solid step to fight black money. From now on, Rs. 500 and Rs. 1000 notes will not be used. Have 50 days to turn them into banks and post offices.
  • On November 9 and in some places on November 10, ATMs will not work.
  • When you elected this government in 2014, world was talking about India being shaky economically. But India is now an economic star – this is what IMF and World Bank are saying.
  • Sab ka sarkaar, sab ka vikas – governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers.
  • Corruption and black money are diseases rooted in this country, they are obstacles to our success.

 

  • We are among fastest-growing economies, but we also rank so high in global corruption rankings.
  • Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror – this has been proven repeatedly.
  • Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror – this has been proven repeatedly.
  • Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad.
  • 1.25 lakh crores of black money has been recovered.
  • Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 1000 notes till 11 November midnight.
  • Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.
  • Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.
  • There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
  • Those unable to deposit Rs. 1000, Rs. 500 notes by December 30 for some reason, can change them till March 31, 2017 by furnishing ID proof
  • Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value

If you have any question in mind can ask me via comment box below.