From Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender
To avoid panic, it said the notes would continue to be legal, and the public would have time to exchange them for new notes. However, they should not be used for transactions from 11/08/2016 Midight .
“We expect people to go to petrol bunk and railway stationto return the notes and take fresh 100 rs notes ones,” said an Indian Government. because tomorrow bank is also closed exchange before November 11th
Modi says the citizens’ money will be safe as they can deposit the notes in the bank before December 30, 2016.
“People can deposit notes of Rs 1,000 and Rs 500 in their banks from November 10 till December 30, 2016,” says PM.