PM Narendra Modi Bans Rs 500 & 1000 Notes
PM Narendra Modi Bans Rs 500 & 1000 Notes: A great change has been established by PM Narendra Modi in Indian history as PM Narendra Modi Bans Rs 500 & 1000 Notes to Fights Back Against Black Money. On 8th November 2016 Prime Minister Narendra Modi came up to announce on our TV screens that existing Rs. 500 and Rs. 1,000 notes can no longer be used for any transactions. Prime Minister said these notes can be exchanged in banks and post offices from 10th November to 30th December 2016 and announced that all banks would remain closed for public on 9th November 2016 also all ATMs would not function on that day and some others ATMs would not function on 10th November 2016.
Again PM Narendra Modi has shake the world with his first televised announcement on 8th November 2016 and now it is the biggest news abolishment of Rs 500 & 1000 Currency Notes and over social media networks like Facebook and Twitter has started trolling the decision made by Indian government Prime Minister Narendra Modi.
Current PM (Narendra Modi), Political Life: Prime Minister Of India
Motive against PM Narendra Modi Bans Rs 500 & 1000 Notes
PM Narendra Modi peoclaimed that 1.25 lakh crore of black money has been unearthed during last two-and-a-half years and said that India is now "a global bright spot" with its fast-growing economy but corruption and black are diseases rooted in this country and the biggest obstacles to our success. To remove these diseases for the development of country and empowerment of the poor we will all have to contribute in this fight.
Surgical Strike On Black Money Monster
As well all know black money is one of the biggest stone in the path on success on Indian development so Prime Minister Narendra Modi leads undefeatable war against black money. As Surgical Strike has been done to clear the terrorists it’s a Surgical Strike On surgical strike on black money hoarders, fake currency racket and terror financing to clear all the black money from the country.
So You Not Need To Worry As Your Money Remains Yours
Its majorly affects a population of 125 crore but still people are appreciating the discussion made by PM Narendra Modi to Bans Rs 500 & 1000 Notes. PM Narendra Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from 10th November to 30th December 2016 so people no need to be panic as your money is safe but great hit on the minds of black money hoarders.
Responsible For Successful Political Career: Narendra Modi- Positive Points
How to exchange your Rs 500 & 1000 Notes?
- As legal denominations of Rs 500 and Rs 1000 notes is from 9th November 2016 so you can no longer use them for any transactions but you can deposit notes of Rs 1000 and Rs 500 in their banks from 10th November to 30th December 2016.
- Government of India has mentioned some points in regards of this have a look below:
- New notes of Rs 500 and Rs 2,000 would be released by the Government.
- On 9th November 2016 ATMs will not work, and at some places on 10th November 2016 as well
- People can deposit notes of Rs 500 and Rs 1000 in their banks 10th November to 30th December 2016.
- Those who will unable to deposit Rs 500 and Rs 1000 notes till 30th December 2016 due to some reasons, can change them till 31st March 2017 by furnishing ID proof.
- Currency notes of Rs 500 and Rs 1000 notes will be just paper with no value as you cannot use them in any transactions.
- On 9th November All banks and post offices will remain closed as they can maintain their work strategic.
- Cashless fund transfer won't be affected by this and Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11th November 2016 midnight.
- People can exchange Rs 20,000 weekly of Rs 500 & Rs 1,000 notes.
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