New Indian Currency Exchange

Rs. 500 and Rs. 1,000 denomination notes are being withdrawn from midnight of 8 November, 2016.

Reasons to Change:

1) Corruption, Black Money and Terrorism.

2) Corruption and Black Money are the biggest hindrances in the fight against poverty.

3) "Terrorists from across the border" are spreading counterfeit currency notes.

4) Rs. 500 and Rs.1000 are notes are mostly used in Black Money.

5) To stop the spread of counterfeit notes, which is aiding terror activities from across the border, and flush out black money, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, Prime Minister Narendra Modi said on Tuesday 8th November, 2016. Starting midnight, these notes will only be "worth the paper they are printed on"

So, hereby we brought some insight about this circular through this great App.

And some useful links for information about the same.