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500-1000 notes banned from today midnight

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500 and 1000 note banned
Today from midnight all the rupees 500 and 1000 notes banned as per government strong decision.

PM Modi has declared a strong decision.

He said that all the 500 and 1000 notes is banned from todaymidnight.

PM Modi said that people can deposit their 500 and 1000 note in the nearest bank and post office from 10th November to 31 december 2016.

Addressing the whole nation PM Modi said that your money will be your's only. So do not panic. If due to any reason people are not able to deposit the 500 and 1000 notes till 30 th december 2016, then they will be allowed a last chance also. They will have more 50 day's time also.

All the currencies except 500 and 1000 note are regularly accepted as usual and will be accepted.

Important Facts
- 500 and 1000 notes will be liable to be replaced at international airport's.- PM Modi
- Public place petrol pumps and CNG Gas Station can be used for 500 and 1000 notes replacement.
- Within 72 hour's railway booking counter's, government bus booking counter and air-ports will give   facility for use of 500 and 1000 notes for booking of tickets.
- ATM will not work on 9 and 10 th November 2016



Why rupees 2000 Notes and what about Nano GPS Chip ?

As per rumer's -
The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip).
While RBI has not confirmed this.



500 and 1000 note banned from midnight Today.