Indian Prime Minister Announces Effective Midnight November 8, 500 and 1000 Rupee Notes Will Be Withdrawn From the Financial System. ₹500 and ₹1000 Notes Cease to be Legal Tender at Midnight November 8, 2016 Indian ₹500 and ₹1000 Notes to Be Deposited by end of December, or Become Worthless. The government will issue new ₹500 … Read More →