In a move aimed at curbing black money and corruption, the government will scrap ₹500 and ₹1,000 currency notes presently in use, Prime Minister Narendra Modi announced while addressing to the nation today.
Starting midnight the ₹500 And ₹1,000 cash bills won't be legal tenders anymore. Not only that, all national banks will be closed on November 9 for transactions.
"There is no need for panic. Your money will remain yours. You need not worry on this point," he said.
New ₹500 and ₹2000 currency bills will be issued by the Reserve Bank of India.
In Pics: New Rs 500 note that will be issued pic.twitter.com/N51HDChDs3— ANI (@ANI_news) November 8, 2016
In Pics: New Rs 2000 Note that will be issued pic.twitter.com/4NXhNOpxxA— ANI (@ANI_news) November 8, 2016
Notwithstanding what the Prime Minister said, people have obviously queued up in front of ATMs to withdraw as much money as possible in 100 rupees notes. In case if you are standing at an ATM queue, quietly dreading that it will run out of Rs 100 notes, these jokes may just brighten up your mood.
lmao one friend is freaking out coz ghar me shaadi this weekend and ab dahej kaise le— m (@Psilosophy) November 8, 2016
Kohli: Who cares. I always deal in 100s.— cricBC (@cricBC) November 8, 2016
Only 90's kid will remember this Rs 500 and Rs 1000 pic.twitter.com/ixTYPZV8R7— I RUN MAN (@BhaagteRaho) November 8, 2016
new ₹2000 notes will have 16GB memory card inbuilt— 🚩 (@prtxt) November 8, 2016
Bye Bye US Black President.— Godman Chikna (@Madan_Chikna) November 8, 2016
Bye Bye Indian Black Money.
T 2435 - the new 2000 rs note is PINK in colour ... the PINK effect ..!!— Amitabh Bachchan (@SrBachchan) November 8, 2016
Also, kindly ban chocolates that are given as change for 1.00 and 2.00 rupees.— Subhashini (@NeelaVanam) November 8, 2016
For the first time Whatsapp news didn't turn out to be a rumour. Rs. 2000 note is a real thing.— Sagar (@sagarcasm) November 8, 2016
Jab paise hain hi nahi toh kya 500 ka note aur kya 1000 ka note! lol— pnkj (@AskThePankazzzz) November 8, 2016
500 and 1000 are temporary, Gandhiji is permanent.— PythaGauri Theorem (@DramebaazPorgi) November 8, 2016
I was alive when 100 rupees note had higher value than 1000 rupees note.— EngiNerd. (@mainbhiengineer) November 8, 2016
Napkin khatam ho gaye toh 1000 ki note use kar li.— ⭐👦🏻 (@krazyfrog) November 8, 2016
Every single person who has black money right now. pic.twitter.com/MPBBLwD0C5— Sahil Shah (@SahilBulla) November 8, 2016
Mubharakho kal shaadi karne walo ko sirf lifafa milega— All India Bakchod (@AllIndiaBakchod) November 8, 2016
Instead of declaring 500 & 1000 Rs notes illegal, Govt should replace Mahatma Gandhi's photo with Rahul Gandhi's to change valuation to 0.— The Viral Fever (@TheViralFever) November 8, 2016
Some initial reactions to Modi's decision to abolish Rs 500 and Rs 1000 notes pic.twitter.com/YwBN3e5rCJ— The UnReal Times (@TheUnRealTimes) November 8, 2016
So you're saying my notes are invalid and all the banks are going to be shut tomorrow.— Sahil Shah (@SahilBulla) November 8, 2016
And I thought America was the one getting fucked.
Ugh. Already? pic.twitter.com/d7H5jbptw9— Raju (@rajupp) November 8, 2016
Exclusive pics of Black Money hoarders after Govt. banned Rs 500 and Rs 1000 currency notes. pic.twitter.com/byvtmSMVND— चार लोग (@WoCharLog) November 8, 2016
Acha chalta hun, duaaon mein yaad rakhna. !! pic.twitter.com/FR22YIsYKc— Sachin Chaurasia (@i5achin) November 8, 2016
I am selling this rare collectors Rs 500 note from 2016 AD Modi era for Rs 10,000. Anyone interested please contact. Pls RT. pic.twitter.com/zTcXN3527y— Kabir Taneja (@KabirTaneja) November 8, 2016
Surgical Strike on Black Money !— Anjana Om Kashyap (@anjanaomkashyap) November 8, 2016
Prime Minister Modi says Rs 500 and Rs 1000 notes to be banned from midnight !
Rs500 Crore Blockbuster pic.twitter.com/N4rAhbaHjB— All India Bakchod (@AllIndiaBakchod) November 8, 2016
Indian currency. Now in Space Gray and Rose Gold.— ⭐👦🏻 (@krazyfrog) November 8, 2016
"mitron ab se pulse candy currency hai humari"— 🆗 (@ElCrankoPunko) November 8, 2016
lage haath ek 13 rupey ka note bhi nikal do milds ke liye— no (@Sarcusstic) November 8, 2016
Railway stations and airports will allow Rs 500 and Rs 1000 notes till November 11, so that all people with black money can push off.— Ramesh Srivats (@rameshsrivats) November 8, 2016
We have got two words for you: Paytm Karo.— Paytm (@Paytm) November 8, 2016
Indians, right now. pic.twitter.com/JkuRBcF7wY— Trendulkar (@Trendulkar) November 8, 2016
BMW, Jaguar sales in Gurgaon, Ludhiana will hit the roof tonight.— Sorabh Pant (@hankypanty) November 8, 2016
Last chance to use #BlackMoney for papa to give beta undeserved swag.
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