PM scraps Rs 500, Rs 1000 notes from midnight tonight

November 08, 2016 20:29

Rs 1000 rupee and Rs 500 rupee notes will no longer be a legal tender starting midnight tonight, says PM Modi.

"You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office," said Modi.

"Those who can't sumbit the notes within the deadline, can exchange it at Reserve Bank of India by providing a declaration," the PM added.

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