In India 2015 to 16 the corruption rate is increased, the P.M Narendira Modi government call the black money holders to submit their money to government but we know this is not possible , finally the government of India take a very secret and brave operation at the night of early Wednesday.
Pakistan and Bangladesh are create fake Indian currency notes and they spread it to India this also a important reason to change currency note model.
In these year 1000 rupee note are spread by Indian government at 107% and 500 as 78% but Indian academic year economy is increase only 33% approximately. that also the main reason to change currency note design by government this deal is first accepted by RBI then they issued and Introduced the New 500 and 2000 rupee notes, then they said soon 1000 rupee notes also came these are circulated in India after 11th November.
And Modi Government think person who exchange or deposit or save money for more than their income they are easily identified by the Income Tax deportment.
This was very shocking news for all the peoples and bank employees too, and one month before too peoples can withdraws new 500 rupee currency notes, but until November 8 these are banned.
peoples are shocked and blockade the ATM centers because November 9,10 the ATM machines does not work, Bank also stopped their currency dealing at November 9 so peoples are feared and collect some money form ATM for their needs.
After November 11 The new 500 and 2000 rupee notes only circulated in all over India, as usual the 10,20, 50, 100 rupee notes are valid.
tags: why india change 500, 1000 rupee? why india produces new 500? how to change 500? what about 100 rupee? why modi announced it surprisingly , who know before 500 rupee change?