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Showing posts from November, 2016

Features of New Currency Notes in India.

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In order to take a control over the black money and to fight against curruption in India; Prime Minister Narendra Modi has abolished the currency notes of Rs. 500 and Rs. 1000 from the midnight of 8th November' 2016. RBI will be issuing the new currency notes of Rs. 500 and Rs. 2000 on 10th November' 2016 with certain new features. While addressing the nation, Prime Minister Narendra Modi asked general public to home patience and cooperate, as this action may bring several difficulties in a daily work for coming few days. Sources unveiled that people will be given a time of 50 days i.e. from 10th November' 2016 to 30th December' 2016 to get their old currency notes exchanged from any bank and post office. However, in order to keep a good track over this move by the Indian Government, RBI will keep a control over the issue of higher currency notes in future. Here is how the new Rs. 500 note will look like. Its features and design will be as follows. A nano GPS technology …