Prime Minister Narendra Modi on Tuesday made a sudden announcement said that from the midnight of 8 November, currency notes of Rs 1,000 and Rs 500 denominations will no longer be legal tender.
The government plans to introduce a set of new Rs 500 and Rs 2000 denomination notes in the coming months.
The decision has been taken to curb the flow of black money, and is quite inspired by yoga guru Baba Ramdev, who has been demanding a ban on higher denomination notes for the last few years..
Prime Minister Narendra Modi on Tuesday made a sudden announcement said that from the midnight of 8 November, currency notes of Rs 1,000 and Rs 500 denominations will no longer be legal tender.
The government plans to introduce a set of new Rs 500 and Rs 2000 denomination notes in the coming months.
The decision has been taken to curb the flow of black money, and is quite inspired by yoga guru Baba Ramdev, who has been demanding a ban on higher denomination notes for the last few years.
News video | 10460 views
Prime Minister Narendra Modi on Tuesday made a sudden announcement said that from the midnight of 8 November, currency notes of Rs 1,000 and Rs 500 denominations will no longer be legal tender.
The decision has been taken to curb the flow of black money, and is quite inspired by yoga guru Baba Ramdev, who has been demanding a ban on higher denomination notes for the last few years.
Long queues cropped up outside ATMs minutes within the PM's address was over. Scenes were even more chaotic in banks on Thursday. Countless people have been thrown out of gear following the surprise declaration.
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Prime Minister Narendra Modi on Tuesday made a sudden announcement said that from the midnight of 8 November, currency notes of Rs 1,000 and Rs 500 denominations will no longer be legal tender.
In a surprise address to the nation, Modi said: 'The notes of Rs 500 and Rs 1,000 will not be legal tender from midnight tonight'; 'they will just be worthless piece of paper'.
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Here is what you should do now that Rs 500 and Rs 1000 notes have been banned.
The views and opinions expressed in this Video and comments on this Channel are of the speakers and/or presenters therein and do not in any way reflect or represent the views and opinions of the Broadcaster of this Channel. The Broadcaster of this Channel cannot be held liable for this Video or the comments or information therein in any manner whatsoever. The Broadcaster of this Video or any person or entity associated with it shall not be held accountable for any copyrighted content therein. The Broadcaster of this Channel cannot vouch, shall not be liable, makes no representation, warrantee or guarantee for the stories, news, information, content, sequence, accuracy, timelines, completeness, truthfulness, positioning, any omissions, errors or inaccuracies, etc. therein, in this Video. The information provided in this Video is for informational purposes only and should not be relied upon as such. The Broadcaster of this Channel shall not be liable for any decision made or action taken or any damage or consequence thereof, in reliance upon the information furnished in this Video.Watch What to do as 500 and 1000 rupee notes get banned | All you need to know With HD Quality
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Supreme Court refuses to stay Government’s demonetization notification but insists on minimizing public inconvenience. Get the detailed perceptive on the chaos on demonetization here.
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The views and opinions expressed in this Video and comments on this Channel are of the speakers and/or presenters therein and do not in any way reflect or represent the views and opinions of the Broadcaster of this Channel. The Broadcaster of this Channel cannot be held liable for this Video or the comments or information therein in any manner whatsoever. The Broadcaster of this Video or any person or entity associated with it shall not be held accountable for any copyrighted content therein. The Broadcaster of this Channel cannot vouch, shall not be liable, makes no representation, warrantee or guarantee for the stories, news, information, content, sequence, accuracy, timelines, completeness, truthfulness, positioning, any omissions, errors or inaccuracies, etc. therein, in this Video. The information provided in this Video is for informational purposes only and should not be relied upon as such. The Broadcaster of this Channel shall not be liable for any decision made or action taken or any damage or consequence thereof, in reliance upon the information furnished in this Video.Watch Supreme Court refuses to Stay the Ban from 500 And 1000 Rupee notes | India Matters With HD Quality
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