No Longer Exchange of Old Currencies In Counter
Center announces there will be no more exchange of old currency notes Rs. 500 and Rs. 1000 within the public from Saturday. Only way to use the old currencies is to deposit on the bank.
There will be no over the counter exchanges from the midnight tonight. Old currencies notes Rs. 500 and Rs.1000 should be deposited only in banks.
As per the report black money holders are exchanging their money in the counters using different sources. So the exchange of money at the counter will be stopped today. On Saturday onwards everyone should deposit their currencies in the bank.
Prime Minister Narendra Modi sudden announcement on November 8th about Demonetisation had affected people of India in vast manner. But it is said to be a temporary sufferings but in the long run it will be a good move says the experts. Black money and corrupted money can be eradicated from the nation says the government. We have to watch the show patiently. Prime Minister's bold move is greatly appreciated and also gains the vague trolls from some set of people.
Millions of Indians are seen queuing up in banks and ATM's after the announcement. Banks are encouraging the people to go cashless transactions by online banking and mobile apps services.