Rs 500, Rs 1,000 notes banned, 25 things to remember: Nobody explains it like RBI;

November 9, 2016

The Modi government on Tuesday announced that it’s banning the use of Rs 500 & Rs 1,000 notes, in its fight against the corruption, fake currency & black money. As soon as the the announcement was made, the Reserve Bank of India came out with a ready reckoner on the government’s move. Here’s how the central bank explained the whole scheme in most simple terms: 1) What is this scheme?…

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10 things you can do with your Rs 500, Rs 1000 notes

new-rs-2000-note-front
November 9, 2016

In a move to curb down on black money, Modi government pulls out Rs 500 and Rs 1000 currency notes from circulation, effective midnight of November 08, 2016. In his 40-minute address first in Hindi & later in English, Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 notes “will not be legal tender from midnight tonight” and will be “just worthless pieces of paper”. However, he said…

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