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Rs 500 & 1000 Notes Stand Abolished & Way Ahead

This is a real bold move where by PM Narendra Modi has announced that all Rs 500 and Rs 1000 notes stand abolished as legal tender to fight the black money. Check his below video now. Everyone is surprised as no news was out in the market regarding any such proposed action.



Modi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight i.e. 09 Nov 2016” and these will be “just worthless piece of paper.” However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.

Now see the action which you need to undertake to make sure that your money does not become a piece of tissue paper. Have a look at below image which gives you the likely course of action. So do correct course of action before 30 Dec 2016.


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