PM Narendra Modi LIVE: Rs 500, Rs 1000 bank notes not valid from midnight; ATMs won’t work tomorrow

By | November 8, 2016

Prime Minister Narendra Modi, in a sudden address to the nation, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight


  • This speech is for a special request that I am going to make to the nation.
  • We are for empowerment of poors and for their rights.
  • The various schemes launched by the government are aimed at empowering the poor. It shows the government is dedicated to the poor.
  • Corruption and black market is a big hindrance in removing poverty.
  • India a bright spot in global economy. This claim is not by us, but by the IMF.
  • Corruption is the biggest bane for us. We are Number 70 on corruption index.
  • Terrorism is being funded from across the border using fake currencies
  • We took many steps to contain the menace of black money
  • We made an SIT on black money with a retiredd judge of Supreme Court
  • We entered into agreements with various countries to contain black money transactions
  • We introduced the amnesty scheme to announce black money\
  • Corruption, black money etc are such things which are pushing teh country backwards
  • Rs 125 lakh crores came out during amnesty scheme on black money
  • Some people have misutilised their positions for corrupt practices
  • Some honest people have fought corruption as well
  • On one side terrorism, fake note currency is destroying the country and on the other corruption and black money is destroying the country
  • Rs 500 and Rs 1000 notes will be invalid from November 8 midnight
  • The process of cash circulation is directly related to corruption in our country impacting the lower classes of our society
  • From Midnight Nov 8, 2016 today, Rs 500 and Rs1000 notes are no longer legal tender
  • You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any Bank or Post office
  • On November 9 and in some places, on November 10, the ATMs will not work
  • ATMS will limit money to Rs 2,000 a day initially
  • On November 9, all banks will remain closed for public work
  • There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc ,Source : IndiaToday