PM's Message to the Nation: Rs. 500 & Rs. 1000 notes cease to be legal tender

Published By : Admin | November 9, 2016 | 16:10 IST
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Prime Minister Narendra Modi addressed the Nation on Tuesday evening. Shri Modi informed that the Central Government has taken this historic stand to curb black money, corruption and counterfeit currency. Government has decided to demonetize Rs. 500 and Rs. 1000 currency notes. This means that all existing currency notes of Rs. 500 and Rs. 1000 cease to be legal tender.

The PM said that currency notes of existing Rs. 500 and Rs. 1000 can be exchanged at nearest banks from 10th November to 31st December. The amount can be deposited in bank account or post office. In one week, maximum of Rs. 20,000 can be withdrawn for personal use. Banks will provide a maximum of Rs. 10,000 per day to be withdrawn. Per day maximum of Rs. 4000 will be allowed for exchange. Per day per card maximum transaction of Rs. 2000 can be done at ATMs. However, ATMs will remain closed on 10th and 11th November. Emergency services like hospitals, medical stores, airports, railways will continue to accept existing Rs. 500 and Rs. 1000 currency notes till midnight of 11th November.

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PM thanks world leaders for their greetings on India’s 73rd Republic Day
January 26, 2022
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The Prime Minister, Shri Narendra Modi has thanked world leaders for their greetings on India’s 73rd Republic Day.

In response to a tweet by PM of Nepal, the Prime Minister said;

"Thank You PM @SherBDeuba for your warm felicitations. We will continue to work together to add strength to our resilient and timeless friendship."

In response to a tweet by PM of Bhutan, the Prime Minister said;

"Thank you @PMBhutan for your warm wishes on India’s Republic Day. India deeply values it’s unique and enduring friendship with Bhutan. Tashi Delek to the Government and people of Bhutan. May our ties grow from strength to strength."

 

 

In response to a tweet by PM of Sri Lanka, the Prime Minister said;

"Thank you PM Rajapaksa. This year is special as both our countries celebrate the 75-year milestone of Independence. May the ties between our peoples continue to grow stronger."

 

In response to a tweet by PM of Israel, the Prime Minister said;

"Thank you for your warm greetings for India's Republic Day, PM @naftalibennett. I fondly remember our meeting held last November. I am confident that India-Israel strategic partnership will continue to prosper with your forward-looking approach."