Indian Government Bans 500 and 1000 Rupee Notes Effective Almost Immediately

Indian Prime Minister Announces Effective Midnight November 8, 500 and 1000 Rupee Notes Will Be Withdrawn From the Financial System.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 →