India 500 and 1000 rupee notes

Indian 500-rupee note. The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. Today, 31 March 2017, was the last day to exchange 500 and 1000 Indian rupee notes at the Reserve Bank of India branches in India. By the time when we publish this article, the branches have closed and 500 and 1000 rupee notes no longer have any monetary value.

30 Nov 2016 This means that the notes are no longer legal tender for use in government and commercial transactions, although the 500- and 1,000-rupee  9 Nov 2016 Last night, Indian Finance Minister Arun Jaitley announced that the notes were no longer a legal tender. They will be replaced with a 2,000 rupee  9 Nov 2016 Modi said banks would be closed on Wednesday. After that, people can exchange the banned notes (500 and 1000 Rupee notes) through the  8 Nov 2016 500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017 

30 Dec 2016 A worker at a fuel station checking a 500 Indian rupee note after filing a the devalued 500- and 1,000-rupee notes for new ones hits Friday, 

There are about 16.5 billion of 500 rupee currency notes and 6.7 billion of 1,000 rupee bank bills in circulation, according to central bank Deputy Governor R. Gandhi, amounting to 15 trillion How NRIs can exchange 500 or 1,000 Rupee Notes Updated Jan 18, 2017: Government of India announced on November 8, 2016 that, starting midnight, ₹500 and ₹1,000 currency notes would be discontinued. Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. An Indian counts currency notes of 1000 and 500 denomination in New Delhi, India. The notes will be withdrawn from circulation. Credit: AP The Indian premier had struck a chord with 1.3 billion

9 Nov 2016 India will issue new bank notes Thursday after Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from 

9 Nov 2016 Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial  10 Mar 2019 Both 500 and 1,000 rupee notes could be used at government hospitals, RBI · Banking in India · Banking system · RTI · demonetised notes  12 Mar 2019 In November 2016, the two highest notes in circulation - 500 and 1,000 Indian rupees (£11) - were scrapped. The surprise move - referred to in  Find 500 old note stock images in HD and millions of other royalty-free stock photos, illustrations and India rupee 500 and 1000 banknote declared illegal. 7 Jul 2019 The Reserve Bank of India (RBI) prints and manages currency in India, the Indian government withdrew the 500 and 1,000 rupee notes from 

According to Reserve Bank of India (RBI) records 2016, Indian rupee that demonetization of Rs 500 and Rs 1000 notes will curb the black money holdings.

In addition to the 500 and 1000 rupees, the Mumbai-based Reserve Bank of India has decided to withdraw all pre-2005 Indian Rupee notes. These discontinued  There is a special machine that rips apart currency notes into pieces. First, these notes, after accounting is done, is stored in large boxes. They would be  At present, there is no way to exchange the 500 and 1000 rupee notes outside India as neither money exchanges are accepting the notes nor banks are taking  9 Nov 2016 Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial  10 Mar 2019 Both 500 and 1,000 rupee notes could be used at government hospitals, RBI · Banking in India · Banking system · RTI · demonetised notes  12 Mar 2019 In November 2016, the two highest notes in circulation - 500 and 1,000 Indian rupees (£11) - were scrapped. The surprise move - referred to in 

On 8 November 2016, the Government of India announced the demonetization of all ₹500 and ₹1,000 banknotes of "Watch PM Modi's Entire Speech on Discontinuing 500, 1000 Rupee Notes". NDTV India. Retrieved 8 November 2016.

Source: www.thebetterindia.com. Rs of 500 and 1000 Note Ban: Benefits & Drawbacks. During the British East India Company i.e. 1600, The Mughal currency 

10 Nov 2016 Indian Prime Minister Narendra Modi in a surprise move on Tuesday night announced high-denomination notes of 500 and 1000 rupees will no  9 Nov 2016 India will issue new bank notes Thursday after Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from  28 Nov 2016 “It was always 500 or maybe a 1,000 rupee note for two days work,” says Prashuram. After collecting their dues, the two friends went to a food stall  12 Nov 2016 Chaos in India as banks struggle to swap banned 500 and 1,000 rupee notes to the thousands queuing up to get their money. By Reuters  Photo about India has banned old 500 and 1000 rupee notes from circulation on midnight 8 November, 2016 and launched 500 and 2000 rupee new currency  9 Nov 2016 The abolition of Rs 500 and Rs 1000 currency notes, has come as a shock to Indian industries and the real estate market, in particular. 30 Nov 2016 This means that the notes are no longer legal tender for use in government and commercial transactions, although the 500- and 1,000-rupee