Prime Minister Narendra Modi
Prime Minister Narendra Modi

Prime Minister Narendra Modi addressed country today he had also met all three army chiefs in Jammu and Kashmir ealier in the day.

Narendra Modi addressing nation today said, “India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank.This Govt is dedicated to the poor, and will continue to do so.”

Also Read: Know What To Do With Your Rs 500, Rs 1000 Note

Modi said, “In all our policies, we are dedicated for the upliftment of entire society. There is a time when you realise that you have bring some changes in society, and this is our time to feel the same.”

“Corruption and black money is something we have fought for immediately after assuming office. The process of cash circulation is directly related to corruption in our country impacting the lower classes of our society,” he also added.

Also Read: Click To Know How New Rs 500, Rs 2000 Notes Looks

PM Modi made a big remark in today’s address, made a decision that from Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender.

Explaining his plan to the nation Modi said, “you have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office. Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight.”

“On November 9 and in some places November 10, ATMs will not work. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc,” Modi said.

“On November 9, all banks will remain closed for public work. Notes of Rs 2000 and Rs 500 will be circulated soon, RBI has decided to limit the notes with higher value,” Modi said.

Here is how new notes of Rs 500 and Rs 2000 will look

“We want to take this fight against corruption even ahead. Wish to thank all,” he added.