Run Black Money Run!

[kkkk]

500 and 1000rs notes being discontinued!

Short duration available to get the existing notes changed to 100rs notes.

wow! What a step!

news outlets are running this now!

http://www.ndtv.com/india-news/pm-mo...t-8-pm-1622948

http://www.thehindu.com/news/nationa...cle9320548.ece

Live updates:

8:34 pm: This is a chance for every citizen to take part in the fight against black money and corruption, says the prime minister.

8:32 pm: A new series of Rs. 500 currency notes and Rs. 2000 currency notes will be brought into circulation.

8:31 pm: Banks will be closed on November 9.

8:30 pm: There is no restrictions on internet banking, cash, demand draft transactions.

8:27 pm: Rs 10,000 daily cash withdrawal and Rs 20,000 weekly cash withdrawal limit

8:25 pm: There are, however, some exemptions. Government hospitals and international airports.

8:22 pm: The ATMs will not function till November 9, and in some places till November 10.

8:21 pm: People who possess Rs.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.

8:20 pm: These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.

8:15 pm: From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister.

8:11 pm: Prime Minister says Rs. 500 and Rs.1000 are notes are mostly used in black money.

8:10 pm: Corruption, black money and terrorism can come in the way of a country's robust economic growth, says the Prime Minister.

[swami]

Modi pagla gaya

[kkkk]

Originally Posted by swami

Modi pagla gaya

ya hoshiyari dikha raha hai?! me thinks good step.

Banks closed tomorrow. its going to be logistical nightmare to get notes exchanged for 100rs notes.

I dont like that they are introducing 2000rs notes though....



RahulPSharma khush hua hoga

[MsShaanze]

Brilliant & dramatic

[Napolean]

title should be 500 and 1000 rs - right?

[kkkk]

Dramatic thats for sure. Wonder if 'inside' people knew already....

[kkkk]

Guys in India. Are ATMs working - are you able to withdraw money from ATMs at this time?

[kkkk]

I have got some hilarious forwards -
USA Counting votes India counting notes...

Jumped Red light, caught by police, gave him 1000rs ka note and he says, Sir 100rs hi de do ;-)

Raddi ka bhav puchhne walo mein bhari matra mein ijafa.

[Aashika]

This going to be a problem. I have close to 80,000 in RS.500. I thought I was going to need it but never ended up using......i should have made an effort to deposit in the bank before leaving the country.

I am thinking what to do....what are the options?

[kkkk]

if you have them in India, then get someone to change them. If you have them with you, see if SBI in your country will change them for you. If not find someone going to India and send the money with them - this is a tricky option... All logical and all impossible.

[Aashika]

Originally Posted by kkkk

if you have them in India, then get someone to change them. If you have them with you, see if SBI in your country will change them for you. If not find someone going to India and send the money with them - this is a tricky option... All logical and all impossible.

we do have SBI, let me see. Actually we are not supposed to take INR out of the country can you? And neither can you bring.

[sarv_shaktimaan]

Originally Posted by Aashika

This going to be a problem. I have close to 80,000 in RS.500. I thought I was going to need it but never ended up using......i should have made an effort to deposit in the bank before leaving the country.

I am thinking what to do....what are the options?

I give to family to deposit leftover money before returning, cards work at the airport for beer, food, etc.

You can change it in India at reserve bank locations when you visit next time, or even at airport. They can't block legal tender from being exchanged.

[Sane Less]

One other option is to start a currency collection

[kkkk]

Originally Posted by sarv_shaktimaan

I give to family to deposit leftover money before returning, cards work at the airport for beer, food, etc.

You can change it in India at reserve bank locations when you visit next time, or even at airport. They can't block legal tender from being exchanged.

thing is those notes cease to be legal tender from midnight tonight IST.

[kkkk]

Originally Posted by Aashika

we do have SBI, let me see. Actually we are not supposed to take INR out of the country can you? And neither can you bring.

you can take/bring 5000INR officially.