Hello There,
India bans top currency notes such as Rs.500/- and Rs.1,000/- to prevent black money. Now there are only three notes in circulation Rs.10, Rs.20 and Rs.50
You missed the Rs.100 note India bans top currency notes such as Rs.500/- and Rs.1,000/- to prevent black money. Now there are only three notes in circulation Rs.10, Rs.20 and Rs.50
, the most important note currently for these few days. I am an Indian myself, and overall i like the step taken by PM, some people are angry because it would cause a major inconvenience for few weeks but this is huge step in reduing black and I believe that this would actually make some difference. I live in India, there are 4 notes in circulation now, Rs. 10, Rs. 20, Rs.50, and the Rs. 100.
The new notes will come in circulation from the Jan of 2017.
You have wrong information my friend, the new Rs. 500 and Rs. 2000 notes will be available in ATMs and Banks from 10th November itself. The new notes will come in circulation from the Jan of 2017.