Today PM Modi is addressing the country from the Capital and he has already made loads of announcements. PM Modiji said that this is a good chance for all citizens to participate in this fight against corruption and black money.
Rs 500 and Rs 1000 notes are BANNED!
This announcement has come as a shock to everyone; from midnight of November 8th i.e. today, Rs 500 & Rs 1000 notes would not be accepted as legal! Yes, they are banned and from tomorrow they are just going to be considered as papers. PM said that these notes are majorly used as black money and hence, they won’t be used any more.
The PM has taken this step because corruption and black money can hamper the economic growth of the country. He believes that terrorists from the other side of the border are spreading this counterfeit currency notes.
These notes can be deposited in any bank or Post office from the 10th of November to 31st of December 2016. People who possess these Rs 500 or Rs 1000 notes after the 30th of December can get it exchanged at the RBI by offering a declaration. This can be done till the 31st of March 2017.
He further stated that a new series of Rs 2000 and Rs 500 currency notes would be circulated. Moreover, banks would also remain closed tomorrow. Apart from that ATMs won’t be functioning till 9th of November.
Here’s how people are reacting on Twitter;
Surgical strikes on black money holders!
Surgical Strike On Black Money Holders!
Prime Minister Modi Says Rs 500 and Rs 1000 Notes Will Be Banned From Midnight. Bold And Brilliant!
— Sir Jadeja fan (@SirJadeja) November 8, 2016
Bachi kuchi money bhi invalid!
Rs 500 and Rs 1000 is banned from midnight to recover #Blackmoney
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Black Money chhodo jo bachi kuchi money thi wo bhi invalid ho gayi.😥— Intolerant Monk (@intolerant_monk) November 8, 2016
At the stroke of midnight!
At the stroke of the midnight hour, when the world sleeps, India will awake and count Rs 500 and Rs 1000 Notes 😂😂 #Banned @narendramodi
— Anant Sinha (@AnantSinha67) November 8, 2016
A funny take!
*Turn on TV*
"500 and 1000 notes are banned."
*opens wallet*
*found 3 10 rs note and 2 1 rs coin*
*now watching*
"NAMAKARAN"
😂😂😂😂— Shivani (@imshivani_) November 8, 2016
Bad news for Kejriwal!
https://twitter.com/dev_yuvraaj/status/796014583529885696
Exclusive pics!
https://twitter.com/WoCharLog/status/796010851878764546
So guys, what’s your take on this? Proud of our PM that he is fighting corruption!