• Skip to main content
  • Skip to primary sidebar
BMA

BeMyAficionado

Inspire Affection

Rs 500, Rs 1000 currency notes stand abolished from midnight: PM Modi

November 9, 2016 by varunshrivastava Leave a Comment

In the war against Pakistan, Modi has dropped a bomb against all the corrupted people who steal away the money from common man of India. Today, he announced that Rs 500, Rs 1000 currency notes will be abolished. The news exploded like a bomb when Prime Minister Modi came on screen to reveal his new step to eliminate corruption, forgery and black money.

It is a bold step from our Prime Minister Modi which will change the whole course for our nation. It takes guts and I must say that it’s a masterstroke. Sure, it will cause a little problem to the common man but it will be for a very short period of time about 15-20 days which I think is Okay… given that the whole nation’s economy is gonna rise.?

Key Points from the Speech

  1. Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.Narendra Modi Quote

    No longer these notes are valid. PM has given a deadline before which each and everyone should deposit their old 500 and 1000 RS notes in the banks or post office. The person who fails to do so by 30th December may have to put some extra efforts afterwards. They may be asked to provide their complete identity and show the source of their money. So, get it exchanged before 30th December.

  2. 500 & 1000 Rs notes are just a piece of paper.Rs 500, Rs 1000 currency notes


    Although big notes has been demolished from our currency but notes that are in lower denomination such as 5-10-100 and all coins are still valid. He also announced that new notes of 2000 and 500 Rs will be made available on 10th Nov by RBI (Reserve Bank Of India)

    Modi also said that there will be no change in other form of money transfer, i.e., cheque, DD, payments via credit or debits etc?

  3. Checks on Money Withdrawal
    There is a limit to how much money one can withdraw in a single day or week. There is a limit of 10,000 Rs withdraw on a single day and 20,000 Rs withdraw in a week. Businessmen are sure going to be sad about this decision but if Modi has announced it then there ought to be a reason behind it. Let’s see how it turns out.

Banks will be closed for 2 days straight. Prime minister said that Banks will be shut for 2 days and that he relies on his staff that they will perform their duties with all sincerity. They will try to reimburse all ATM’s with new notes so as to avoid any difficulties to the people. He also said -?there are a very few moments when people of nation gets chance to actually do something for the growth of their nation and that they should feel proud about it and work in cohesion to achieve a better tomorrow.

What do you think about this masterstroke from our PM Narendra Modi? Eagerly waiting for your replies on the same.

 

Related

Filed Under: Blogging Tagged With: 1000 note abolished, 500 notes abolished, black money, narendra modi

Primary Sidebar

Subscribe to Blog via Email

Do you enjoy the content? Feel free to leave your email with me to receive new content straight to your inbox. I'm an engineer, you can trust me :)

Join 874 other subscribers

Latest Podcasts

Recent Posts

  • Is The Cosmos a Vast Computation?
  • Building Semantic Search for E-commerce Using Product Embeddings and OpenSearch
  • Leader Election with ZooKeeper: Simplifying Distributed Systems Management
  • AWS Serverless Event Driven Data Ingestion from Multiple and Diverse Sources
  • A Step-by-Step Guide to Deploy a Static Website with CloudFront and S3 Using CDK Behind A Custom Domain

Recent Comments

  • Varun Shrivastava on Deploy Lambda Function and API Gateway With Terraform
  • Vaibhav Shrivastava on Deploy Lambda Function and API Gateway With Terraform
  • Varun Shrivastava on Should Girls Wear Short Clothes?
  • D on Should Girls Wear Short Clothes?
  • disqus_X5PikVsRAg on Basic Calculator Leetcode Problem Using Object-Oriented Programming In Java

Categories

  • Blogging
  • Cooking
  • Fashion
  • Finance & Money
  • Programming
  • Reviews
  • Software Quality Assurance
  • Technology
  • Travelling
  • Tutorials
  • Web Hosting
  • Wordpress N SEO

Archives

  • November 2024
  • September 2024
  • July 2024
  • April 2024
  • February 2024
  • November 2023
  • June 2023
  • May 2023
  • April 2023
  • August 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • November 2021
  • September 2021
  • August 2021
  • June 2021
  • May 2021
  • April 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • February 2020
  • December 2019
  • November 2019
  • October 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016

Tags

Affordable Hosting (4) algorithms (4) amazon (3) aoc-2020 (7) believe in yourself (4) best (4) database (4) earn money blogging (5) education (4) elementary sorting algorithms (4) experience (3) fashion (4) finance (6) Financial Freedom (7) food (7) friends (3) goals (5) google (5) india (10) indian cuisine (5) indian education system (4) java (16) life (16) life changing (4) love (4) make money (3) microservices (9) motivation (4) oops (4) podcast (6) poor education system (4) principles of microservices (5) problem-solving (7) programmer (5) programming (28) python (5) reality (3) seo (6) spring (3) success (10) success factor (4) technology (4) top 5 (7) typescript (3) wordpress (7)

Copyright © 2025 · Be My Aficionado · WordPress · Log in

Go to mobile version