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500 & 1000 Currency Notes will Be Shut Down

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Here are highlights from his speech:


- From midnight, the Rs 500 and Rs 1000 will cease to be legal tender.


- The 500 and 1000 Rs notes can be submitted to the post offices and banks from 10th November to 30th December.


- Those who can’t sumbit the notes within the deadline, can exchange it at Reserve Bank of India by providing a declaration.


- On November 9 and in some places November 10, ATMs will not work.


- For 72 hrs, until Nov 11 midnight special arrangements made. All government hospitals will accept old 500 & 1000 notes.


- This government is committed to the poor: PM Narendra Modi in address to the nation.


- In spite of 2 years of continuous drought, in the last two-and-half years, india has made its presence felt in global economy.


- We are among fastest-growing economies, but we also rank high in global corruption rankings


- Black money and corruption has taken roots in the country, these are the biggest obstacles in eradicating poverty.


- India’s common citizens live their lives honestly. But black money, corruption make the nation hollow from inside.


- In the last two-and-half years, at least Rs 1.25 lakh crore worth black money has been recovered.

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