PM Narendra Modi decommissions 500 & 1000 Rupee Notes

In an attempt to stop the circulation of fake notes, especially in the black money market, the Central government of India has declared that the specific bills of 500 & 1000 rupees, will be banned or decommissioned.

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In a one shot bold exercise to stop the circulation of fake financial bills, especially in the turmoils of a second invisible black money market, the Central government of India under the leadership of Narendra Modi governmenthas declared that the specific bills of 500 & 1000 rupees, will be banned or decommissioned. 

This is remove a lot of liquidity and black money from the market. individuals can change their existing bills from the central banks like SBI, in exchange for 100 Rupee and 2000 Rupee notes, within December 2016. Please share this information among your friends circle. This notes for exchange in national Bank will be done with validation of identity of the individual carrying the bills for exchange.

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Author: Kar

Dr. Kar works in the interface of digital transformation and data science. Professionally a professor in one of the top B-Schools of Asia and an alumni of XLRI, he has extensive experience in teaching, training, consultancy and research in reputed institutes. He is a regular contributor of Business Fundas and a frequent author in research platforms. He is widely cited as a researcher. Note: The articles authored in this blog are his personal views and does not reflect that of his affiliations.