Update #Rs500 and #Rs1000 notes can be deposited in exchange at banks or post offices
- Thread starter console
- Start date
whitebunny
Core Member
They are stopping Rs 500 and Rs 1000 from today midnight. they want us to deposit all cash we have to banks. They want we should not be keeping any cash I guess.
Technoglitch
Core Member
Rd.500 and rd.1000 are not valid from midnight. Stupidity at its peak.
Posted using Entertainment Forum app
Posted using Entertainment Forum app
This is great news. Really happy with such bold action by Modi government. All those hiding black money will either show up to the bank or forget about it.
Posted using Entertainment Forum app
Posted using Entertainment Forum app
Technoglitch
Core Member
The ATMs will not function till November 9, and in some places till November 10.
8:21 pm: People who possess Rs.500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017.
8:20 pm: These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.
From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister
Live: 500, 1000 rupee notes cease to be legal tender from midnight tonight: PM: The Hindu - Mobile edition
Posted using Entertainment Forum app
8:21 pm: People who possess Rs.500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017.
8:20 pm: These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.
From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister
Live: 500, 1000 rupee notes cease to be legal tender from midnight tonight: PM: The Hindu - Mobile edition
Posted using Entertainment Forum app
It's great, actually. I don't find anything stupid. It will be a temporary hardship for citizens but will be of greater good to the nation.
Posted using Entertainment Forum app
Technoglitch
Core Member
This is a masterstroke. Superb.
The Govt had given 30th Sep 2016 to declare assets and black money and pay income tax. Those who did, saved.
Now new currency notes of rs 500 and rs 1000 will be issued by RBI. Along with Rs 2000 which has special chips that can be tracked by satellites. With this black money is over.
Govt has given 72 hrs to exchange old notes, and time till (dont know when) to deposit in banks.
The Govt had given 30th Sep 2016 to declare assets and black money and pay income tax. Those who did, saved.
Now new currency notes of rs 500 and rs 1000 will be issued by RBI. Along with Rs 2000 which has special chips that can be tracked by satellites. With this black money is over.
Govt has given 72 hrs to exchange old notes, and time till (dont know when) to deposit in banks.
