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Alert! Rs. 500 and Rs. 1000 will be Invalid – PM Speech

Citizens will have 50 days — between November 10 and December 30 — to give in notes of Rs 1000 and 500 at post offices and banks.

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The current notes of Rs 500 and Rs 1000 will no longer be valid from November 8 midnight, Prime Minister Narendra Modi announced in a televised address to the nation. Instead, notes of Rs 2000 and a newly designed Rs 500 are being introduced.

Here are highlights from his speech: