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Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased...

At the stroke of midnight between September 8th and September 9th, Rs 500  and Rs 1000 currency notes would cease to exist as legal tender. While addressing the nation, PM Modi announced the decision to completely ban Rs 500  and Rs 1000 currency notes...

My dear citizens I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic...

A 100 days have passed since Prime Minister Narendra Modi’s surprise announcement which declared all Rs 500 and Rs 1000 notes as invalid currency. The aim of the demonetisation exercise was to “break the grip of corruption and black money” and stop the...

| Malaysia | 10 Nov  2016 | Asia Samachar | Money changers in Malaysia, Australia and presumably in other countries as well have all but stopped transacting in Rupee following the surprise move by the Indian authorities to remove the existing 500 and...