(Discussion) Rs 500 and Rs 1000 notes will no longer be legal tender, says PM Modi
- 48600
- 831
-
- Last Comment
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.
8:07 pm: He moves on from corruption to terrorism. He tells “terrorsists from across the border” are spreading counterfeit currency notes.
8:06 pm: We hear stories of how autorickshaw driver returns gold left by a passenger in his vehicle. These stories tell how common people are honest. It is only a few people engage in corruption for selfish reasons, he says.
8:05 pm: Corruption and black money are the biggest hindrances in the fight against poverty, he says adding that it is everyone’s responsibility to eradicate poverty.
8:04 pm: Mr. Modi lists out the various schemes launched by NDA government in his address to the nation. He mentions the Jan Dhan Yojana.
8:03 pm: This govt is dedicated to the poor, and will continue to do so, says the Prime Minister who completes two-and-a-half years of rule today.
8:02 pm: India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank
8:01 pm: When we were elected in 2014, there was a discussion that among BRICS nations, the ‘I’ was wobbling, says the PM.
8:00 pm: The Prime Minister’s address to the nation has begun.
Official Press Release: http://pib.nic.in/newsite/erelease.aspx?relid=....
Deal Wiki
Share your opinion with Dimers and ask any questions you might have around the Historic Announcement.
Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight
Too Serious Discussion for You? Lighten up here: http://www.desidime.com/forums/dost-and-dimes/t...
नजदिकी फायदा देखणे से पेहले … दूर का नूकसान सोचना चाहिये
Before you claim the shorterm profit … you should think about the longterm loss
@DealSeeker wrote:
@gambits wrote:
2 mins of silence for people who placed COD order from @amazonIN @Flipkart @snapdeal and others.
Interesting perspective.
Not really, 100’s are still working the problem will be for courier person to carry so many currency notes.
Wah..DD sending notification for this thread 
@jeevanreddy58 wrote:कुछ लोगो का कहना है कि मोदी को कुछ समय देकर ये कदम उठाना चाहिए। अरे भाई अगर कोई अगर बता के छापा मारेगा तो क्या काला धन हाथ आएगा और इस दिए गए समय का सबसे ज्यादा फायदा यही काला धन रखने वाले ही उठात और वही लोग सबसे ज्यादा आम जनता का हवाला देकर ऐसी बात कह रहे हैं क्योंकि उन्हें अपना काला धन खर्च करने का मौका ही नहीं दिया गया। nice job. Well done.
@desidude2013 wrote:
how can he do so all of a sudden…
He gave 50 days.. It seems you have more money.. just kidding
Good
@anilenggworks77964 wrote:
@DealSeeker wrote:
@gambits wrote:
2 mins of silence for people who placed COD order from @amazonIN @Flipkart @snapdeal and others.
Not really, 100’s are still working the problem will be for courier person to carry so many currency notes.
Err, the thing is would you rather save those other denomination notes for essentials or to pay for an impulse purchase from Amazon/Flipkart?
Maaazzzzzzzaaaaaa
Masterstroke by Modi
@DealSeeker wrote:
@jy9585 wrote:
https://twitter.com/Paytm/status/796025521695...64
Brilliant advertising by paytm!
This move will push the fledgling UPI into the mainstream. And wallets like Paytm will be the biggest beneficiaries.
+1
There will be Huge number of RBI Approved wallet companies and then they start restricting them!
Sensational decision by government! Hats off!! Thought of this, but not this fast.
500s and 1000s notes will be going to lose their legal tendency from tomorrow. Now the black money holders has only one option i.e., to share their illegal wealth with others which is also not so easy, finally the money will go to poor people in one way or other.
Now, it’s going be happy India!
What should I do?
1. If you have black money, I have no suggestion.
2. If you have money in bank account, just feel safe. Your money is yours alone.
3. If you have large hard cash in big denominations, hurry to bank to deposit and get it accounted.
What is going to happen?
1. There will not be word like black money.
2. All the excess money either need to destroy or share.
3. Bribe and corruption will go down.
4. Use of e-wallets, UPI, IMPS will increase.
4. Government is going to be super rich.
5. India will become a developed county.
Now there is no need of black money in Swis banks.
जिसकी जितनी औकात होती है वो उतने ही बड़े फैसले लेता है,कांग्रेस ने चवन्नी बन्द की थी।
😁😁😁😁
@gambits wrote:
2 mins of silence for people who placed COD order from @amazonIN @Flipkart @snapdeal and others.
Thought this multiple times during the speech
9/11 Jab bhi aata hai Hila Daalta hai 
Modi -Rs 500 and Rs 1000 notes will no longer be legal tender
Amazon-wtf
Flipkart-wtf
Snapdeal-Yaaaay
Ese to lagta he poor India tea bhechega
@Beinghuman wrote:
@raghupro I have already shared my views and the reasons behind it and it’s definitely not about being active/Lazy and I don’t want to repeat/stretch the same.
If its Historic for you I have no problem with that but It’s Crap acc to me , Period !
I have read your view and understand that it’s a trouble for common man. Change happens when everyone puts in efforts. We have to be responsible as a citizen and play our role too.
Also if gov is that much concerned abt black money they might be place all CA should be appointed by them only… Who will have targets lyk marketing ppl…
Incredible decision spl for Indian Government
@job4ram wrote:
Sensational decision by government! Hats off!! Thought of this, but not this fast.
500s and 1000s notes will be going to lose their legal tendency from tomorrow. Now the black money holders has only one option i.e., to share their illegal wealth with others which is also not so easy, finally the money will go to poor people in one way or other.
Now, it’s going be happy India!
What should I do?
1. If you have black money, I have no suggestion.
2. If you have money in bank account, just feel safe. Your money is yours alone.
3. If you have large hard cash in big denominations, hurry to bank to deposit and get it accounted.What is going to happen?
1. There will not be word like black money.
2. All the excess money either need to destroy or share.
3. Bribe and corruption will go down.
4. Use of e-wallets, UPI, IMPS will increase.
4. Government is going to be super rich.
5. India will become a developed county.Now there is no need of black money in Swis banks.
+1
#Jumped red light
Caught by police walah
Gave him 1000 ka note
Police walah- Sir 100 hi de do…
@avgn wrote:
Wah..DD sending notification for this thread
Yes
Bjp govt rock .others party shock…
चीटिंग है—-
काला धन बाहर से लाने का कहा था-
ये अंदर का निकाल रहे है!!!!!😂😂😂
America counting votes
India counting notes
Good Decision.. Chalo now please pm me, if anyone interested to sell 500rs note @ 400 and 1000rs note @ 850…. Payment mode – imps
@Noah wrote:
@raghupro wrote:
5. NGC – Nano GPS Chip. Each and every Rs. 2000 note being pushed out will have a NGC that needs no power. They can emit their location when the satellite pings for it so each and every note can be tracked globally. A simple use case, imagine someone trying to stash in 1000 or more of Rs. 2000 notes, the government seems to have implemented a system where if a bunch of location signals are pushed out from a single place for a long period they assume that something is fishy and a notification is sent to IT department about it to go on a raid. (Source: http://indiatoday.intoday.in/story/new-rs-500-r...)
End of the day it’s all about reducing usage of paper money so that more accountability is ensured.
Still skeptical about NGC thing
its actually bullsh#t… First the cost would be enormous to implement such a technology… second these signals will be electromagnetic & can be blocked quite easily…
 Rs 500 and Rs 1000 notes will no longer be legal tender, says PM Modi for Rs. at Government of India){kind=link}
 Rs 500 and Rs 1000 notes will no longer be legal tender, says PM Modi for Rs. at Government of India){kind=link}
He did a great job..weldone modi ji