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What should you do with these 500 and 1000 Rs Notes?

BI India BureauNov 8, 2016, 21:16 IST

Corruption, black money and terrorism can come in the way of a country's robust economic growth. From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow. Starting midnight, these notes will only be "worth the paper they are printed on," PM Modi said.

A proposal for new Rs. 500 and Rs. 2,000 notes has been cleared by the Reserve Bank of India.

There will be no change in any other form of monetary exchange -- cheque, DD, payment via credit or debit cards, he added.

Change them at the bank or post office from November 10 to December 30. While Tourists can change the notes at airports

Carry your Aadhaar card and Pan Card when you go to exchange these notes

After December 30, these can be changed at the Reserve Bank with a declaration