Tag Archives: Rs. 500

Demonetisation: How banks can help trace black money using technology

After the Rs 500 and Rs 2000 currency notes were banned by the government, it was common knowledge that such an exercise can never reach fruition, simply due to the logistics involved. That hunch was today vindicated when the government announced the stopping of all currency exchange at the banks. It was simply not possible. People who have… Read More »

Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight

From midnight today, till November 10, ATMs will not function. Banks will be closed for public transactions tomorrow. The Union Government has decided to do away with Rs. 500 and Rs. 1000 currency notes from midnight on Tuesday. These notes will cease to be legal tender from the midnight of November 8, 2016, announced Prime Minister Narendra Modi… Read More »