Deposit, Exchange Of Rs 500, Rs 1,000 Notes Explained In 10 Points

Prime Minister Narendra Modi's government on Tuesday in a surprise move withdrew the Rs 500 and Rs 1,000 notes in a bid to curb black money. This is necessitated to tackle counterfeiting Indian bank notes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes, the Reserve Bank of India said in a statement. Here are 10 things to know: 1) The government has withdrawn all Rs 500 and Rs 1,000 ...