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Demonetisation: RBI statement on withdrawal of legal tender of Rs. 500 and Rs.1000

November 15, 2016 10:45 am | Updated June 05, 2017 12:48 pm IST

Prime Minister Narendra Modi on November 8 announced that currency of Rs. 500 and Rs.1,000 >ceased to be a legal tender . He said the decision was taken to root out the menace of black money and corruption. The Reserve Bank of India has urged people to be patient and exchange notes at their convenience. Read the >RBI full statement here .

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