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

News and Press Release - Dated:- 9-11-2016 - Government of India vide their Notification dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank till 8th November 2016. This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes. Date : Nov 08, 2016 Starting from 10th November .....

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