Rs 500, Rs 1,000 ban: Here are today's most pertinent questions... and answers

In the biggest-ever move to curb black money, and crime funding Prime Minister Narendra Modi had last night announced that Rs 500 and Rs 1,000 bank notes would become illegal tenders from midnight on Tuesday and massively curbed cash withdrawals through ATMs and from bank counters

FP Staff November 10, 2016 19:09:04 IST
Rs 500, Rs 1,000 ban: Here are today's most pertinent questions... and answers

In the biggest-ever move to curb black money and crime funding, Prime Minister Narendra Modi on Tuesday night had announced that Rs 500 and Rs 1,000 bank notes would become illegal tenders from midnight that very day and massively curbed cash withdrawals through ATMs and from bank counters.

"In order to meet the anticipated heavy demand from members of the public to conduct their banking transactions, it has been decided that banks shall remain open for public transactions on Saturday, 12 November, and Sunday, 13 November, 2016," RBI said in a statement.

Got any questions of your own? Let us know in the comments section.

With inputs from PTI

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