Actress Giving Info About Note Exchange
1. Why this now?
There has been a rise in the incidence of fake Indian currency notes in higher denomination. More often that not, the common man fail to distinguish between original and fake notes. Fake notes are used for anti-national, illegal activities, misused by terrorists and for hoarding black money. As India remains a cash based economy and there is a rise in the circulation of fake Indian currency notes, the withdrawal has been introduced to contain the fake note circulation and to hurt those who keep unaccounted money.
2. What exactly is this?
The legal tender character of the notes in denominations of 500 and 1000 stands withdrawn. In simple terms, all the 500 and 1000 rupee notes will be just paper, these cannot be used for transacting business and/or store of value for future usage. Here are 8 steps of PM Modi’s surgical strike against black money
3. How much is my Rs 500/1000 note worth now?
Your 500/1000 notes are worth its value till December 30, provided you deposit it in your bank account.