Rs500 & Rs1000 Note [Photos of New Notes]

As you all know that today our respected PM Narendra Modi announce about the closing of Rs500 & Rs1000 Notes permanently, of 2005 or before date. Still lots of people don't know about this and lots of other people know wrong news. Rs500 & Rs1000 Notes of date 2005 and before is banned from 9-11-2016.

Don't panic after hearing or seeing this news. You can exchange expired Notes from Banks. Below I will explain everything in detail.

HOW TO EXCHANGE =

Just go to any nearest Bank and Post offices.
Give them expired notes.
They will exchange them with new Notes.
It will hardly take any time.
You can exchange expired notes from 11-11-2016 to 30-12-2016.
You have 50 days to exchange these notes.

------------------------------------------------------------------------------------------

Further time will also be given to those who are unable to exchange upto 30th Dec 2016.
For this they have to go to Reserve banks.

USES OF EXPIRED NOTES =

Expired Notes will work upto 11th November 2016 at Hospitals, Train booking, Medicines and all Government buildings.
Other then above places Expired Notes will not work.
Exchange from Banks and Post Offices.

IMPORTANT =

On 9th and 10th November Banks & ATM's will be close.
So you can exchange on 11th November.
You will get Rs500 and Rs2000 New Notes on exchanging.

WHY TAKING THIS STEP =

As you all know that Lots of people in India have lots of Black Money.

Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.

In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total exceeding US$50 trillion are stashed in Switzerland's. Other reports, including those reported by Swiss Bankers Association and the Government of Switzerland, claim that these reports are false and fabricated, and the total amount held in all Swiss banks by citizens of India is about US$2 billion.