A New Step Taken By PM Modi Towards Black-money And Corruption, Banned 500 and 1000 Currency

As we all know that Mr. Narendra Modi the Prime Minister of India is known as the very effective Prime Minister of India by his very bold Steps. He is always taking the decisions which are important and effective for India’s   growth and in its economy.

Last time when he had taken a decision for the openings of account, got a huge success and around 175 million new bank a/c in India were opened according to the World Bank within three years only. It was a great success.

Now once again Mr. Narendra Modi shocked everyone with his very bold step against black money. He indiacted that he will try to finish the corruption through black money in india by his great attempts.

On 8th November 2016 News was flashing on all news channels as breaking news, on every channel single news was telecasting. The Prime Minister was addressing the public of India that from the midnight of 8th Nov 2016 all the notes of 500 and 1000 Rs will be treated as legal abolished in India.

Through the PM’s decision, the country will not suffer anymore with the corruption, black-money, etc.

RBI governor Urjit Patel has already announced that new Series bank notes of Rs.500 and Rs.2,000 will be revealed in the first half of November 10. The infusion of Rs.2,000 bank notes will in fact be monitored by the RBI. The central banks said the new series of bank notes will be significantly different from the scrapped ones in look, design, size and colour, and this will help combat counterfeiting.

Here are the features of 500 and 2000 notes:

Rs 500 new currency

rs-500-new-note-650-400_650x400_81478627213

The new size of the note is 66mm x150mm, while the color is stone grey.

On the back side of the note, an image of the Red Fort with Indian flag has been placed.

Other features include Mahatma Gandhi picture, Ashoka Pillar emblem, bleed lines, circle with ₹ 500 in the right, and the identification mark to enable the visually impaired person to identify the denomination.

Rs. 2000 new currency

rs-2000-note-650-400_650x400_71478627240

See-through numeral 2000.

Denominational numeral २००० in Devnagari.

Portrait of Mahatma Gandhi at the centre.

Micro letters ‘RBI’ and ‘2000’ on the left side of the banknote.

Windowed security thread with inscriptions ‘भारत, RBI and 2000 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted.

Ashoka Pillar emblem on the right and Mahatma Gandhi portrait and electrotype (2000) watermarks.

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