Modi masterstroke against black money

Modi masterstroke against black money

Posted by Naveen on November 8th 2016

Latest Announcement to Curb Black Money, Corruption and Fake Currency by our PM, Mr. Narendra Modi announced today evening.
 
1. Rs. 500 and Rs. 1000 Currency Notes will not be valid from Today Mid-Night.
2. All Rs. 500 and Rs. 1000 notes to be deposited into Bank OR Post Office from 10th November, 2016 to 30th December, 2016.
3. After 30th December, 2016 to 31st March, 2017, Rs. 500 and Rs. 1000 notes will be accepted in selected branches of Banks after taking Declaration from the depository.
4. 9th November, 2016 will be Bank Holidays.
5. Cash Withdrawals from ATM will be limited to Rs. 2,000 per day for some period of time.
6. Cash withdrawals from Bank will be limited to Rs. 10,000 per day and Rs. 20,000 per week NJ.
7. New Rs. 500 and Rs. 2,000 Currency notes will be issued by RBI after November10th 2016.

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