Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI Notice

Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016. This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money … Continue reading Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI Notice