In a noteworthy stride to check dark cash, Prime Minister Narendra Modi on Tuesday reported demonetization of Rs 500 and 100 coin notes with impact from midnight, making these notes invalid in a noteworthy ambush on dark cash, fake money and defilement. In his broadcast deliver to the country, Modi said individuals holding notes of Rs 500 and Rs 1000 can store the same in their bank and mail station accounts from November 10 till December 30.
Modi said the notes of Rs 500 and Rs 1000 “won’t be lawful delicate from midnight today evening time” and these will be “simply useless bit of paper.” However, he said that all notes in lower section of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will keep on being substantial. He likewise declared that new notes of Rs 2000 and Rs 500 will be presented.
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