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500 and 1000 rupees notes ban in India from 9th November 2016

The biggest Viral News is Here : 500 and 1000 currency notes are going to ban from 9th November 2016. As we came to know that PM Narendra Modi has declared that 500 and 1000 rupees notes are not there in our country any more. And on 9th and 10th november of 2016 some ATM machines are not going work.500 and 1000 rupee notes banned in india

This is the best decision by Modi government to prevent Black money in our country. In last two years span we have recovered 1.25 lacks of crores black money into the ACB. Now it is a best decision to prevent those black money.500 and 1000 rupee notes banned in india.

What are the actions by Government on the Ban of 500 and 1000 rupees Notes:

From now on, Rs. 500 and Rs. 1000 notes will not be continued in our country. We have 50 days of time to return them into banks and post offices.

Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 1000 notes till 11 November 11:59:59pm.

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.

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Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value.

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The new 2000 rupees notes are in pink color having 2000 symbol on right down corner and side above left and same as its number and in the middle Gandhiji with his smiles and the Swach Bharath Symbol too on 2000 rupee note.

As a common man of the country we will get so many benefits regarding the ban of 500 and 1000 rupees notes. It is a big issue around the country where it is giving a corruption free country from now. The people still who has large amount in hand has to complete the process in their way as given in the RBI official site.

Already Modiji has given his decision on the ban of 500 and 1000 rupees notes. It is our tie to encourage our country towards corruption free.

As we see our country is in very good position according to making corruption. So everybody is thinking that if those corrupted money comes to our country economy then our country situation is going to change like anything. Just think 500 or 1000 is not there in our country then how people are getting lost and getting benefits.

Benefits of Ban 500 and 1000 rupees notes:

  • As we saw in movies like Prathinidhi and Bichagadu , the characters in the movie already told that the economy will rise when our currency changes. Exactly that thing is only happening… ECONOMY RISING..
  • As we know already prevention of corruption.
  • Fake Money Printers Loss

Source: (NDTV news)

Read More: Reason for Ban of 500 and 1000 rupees note

What is the next process after ban of 500 and 1000 rupees

2000 rupees notes from 1st January 2016

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