Modi: ₹500 & ₹1000 Notes No Longer Legal Tender‼
In a surprise address to the people of India, Prime Minister Narendra Modi has declared that ₹500 & ₹1000 notes will cease to be considered legal tender starting midnight today (Tuesday). Modi said, “These notes are just papers from tomorrow.” Modi justified his move saying that ₹500 & ₹1000 are notes are mostly used in black money. He also said that these notes should be exchanged in banks & head post offices & sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.” He said, “People who possess ₹500 or ₹1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31,2017. Modi government have given 50 days to deposited old currency in banks and post offices. On November 9 and in some places on November 10, ATMs will not work. Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 100...