Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight
A look at the new Rs. 500, Rs. 2000 notes specimen. Photo: www.rbi.org Economic Affairs Secretary Shaktikanta Das unveils the new Rs. 2000 note in New Delhi on Tuesday. Photo: PIB Prime Minister Narendra Modi addressing the nation on Tuesday. Photo: PIB Prime Minister Narendra Modi. WHAT SHOULD I DO ?? READ THIS... MONEY EXCHANGE WHAT TO DO WITH OLD NOTES >>> HOW TO CHANGE 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. Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption. In his first televised address to the nation, Mr. Modi said people holding notes of Rs. 500 and Rs. 1000 can deposit the same in their ...