500 and 1000 Rupees notes Scrapped; ATM’s closed for two days

500 and 1000 Rupees notes Scrapped

Today Prime minister announces that Rs 1000 and 500 Notes will be invalid after midnight . These Rs.500 and 1000 notes will be accepted at hospitals, Petrol Bunk, booking Air Ticket and Train ticket upto 11th November

In a big announcement on Tuesday evening, Prime Minister Narendra Modi said that from midnight tonight, Rs 1000 and Rs 500 would no longer be legal tender.

“You have 50 days (From 10 November to 30 December) to deposit notes of Rs 500 and Rs 1000 in any bank or post office,” he said.

“Currency notes of Rs 1000 and Rs 500 will be just paper with no value. These notes should be exchanged in banks and post offices within December 30, 2016,” PM reiterated.

“There will be respite for people for the initial 72 hours, government hospitals will accept old Rs 500 and 1000 notes till 11 November midnight. On November 9 and in some places November 10, ATMs will not work. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc,” he pointed out.

“On November 9, all banks will remain closed for public work,” he further said, adding, “Notes of Rs 2000 and Rs 500 will be circulated soon, RBI has decided to limit the notes with higher value.”

“Those unable to deposit their notes of Rs 1000 and Rs 500 by December 30 for some reason, they can change the notes till March 31, 2017 by furnishing ID proof,” he revealed.

Prime Ministers Twitter message

PMO India ✔ @PMOIndia
500 और 1,000 रुपये के पुराने नोटों के जरिये लेन देन की व्यवस्था आज मध्य रात्रि से उपलब्ध नहीं होगी : PM @narendramodi
8:17 PM – 8 Nov 2016

Source : govtstaffnews.in