Prime Minister Narendra Modi will address the nation on the notes ban on Saturday, December 31, at 7.30 pm, say reports.

In a televised address on November 8, he had suddenly banned Rs 500 and Rs 1,000 notes, a move aimed at eliminating corruption and black or undeclared money.


A deadline for depositing old notes in bank accounts ends tomorrow, December 30.


Sources say, PM Modi may speak about the steps likely to be taken to ease cash flow that has been a major problem since notes ban was announced. He may also speak on the steps to deal with the problems the economy faces after the government's move.


All ministers have been asked to visit at least 10 places and hold rallies/mass contact event on demonetisation. The event will begin after the PM's speech. A document of around 60 pages has been distributed to all ministers by the finance ministry describing each aspect of demonetisation point by point.