India’s demonetization of Rs. 500 and Rs. 1000 notes — What it means for you

Learn why it being done, how it affects you, and what you should do next, in a simple Q&A format.

“These notes are just paper from tomorrow” — Prime Minister Narendra Modi

What’s all this buzz about? What is going on?

Why is the government doing this?

Rs. 65,250 crore worth of black money was declared before September 30, 2016

So Rs. 500 and Rs. 1000 notes will not be accepted from Nov 9, 2016?

Invalidated notes will accepted at railway ticket counters for 72 hours

What do I do with the Rs. 500 and Rs. 1000 notes I have? Should I just burn them?

What about notes and coins of other denominations?

Anything else I need to know?

Prepare for long queues at ATMs for the first few weeks

Founder, Jovian

Founder, Jovian