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Rs 500 And Rs 1000 Currency Notes Banned! What'll Happen Now?

Narendra Modi in an emergency addressal has declared a ban on the Rs. 500 and Rs.1,000 notes of the Indian Currency. This move is going to have a far-reaching impact on the black money holders. From politicians to real estate, each sector is going to be affected adversely by this step. While, these notes can be exchanged till December 30, with the banks. 

The luxury segment will also suffer a huge thrashing. Moreover, all banks and post offices will remain shut on November 9. The Indian economy is going to take a huge turn. A lot of people's black business will fall head over heels, overnight!

Catch the updates on this story below.

Rs 500 And Rs 1000 Currency Notes Banned! What'll Happen Now?

Rs 500 And Rs 1000 Currency Notes Banned! What'll Happen Now?

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The newly introduced Rs. 2,000 note.

The newly introduced Rs. 2,000 note.

These notes have been introduced as a measure to curb black money circulation.

Narendra Modi-the man behind the path-breaking move.

Narendra Modi-the man behind the path-breaking move.

Are these really "achche din" for all of us? Only time will tell. This is not the time to contemplate, but to think and rack your brains as to where should all the black money be used now?

The business of real estate is going to be on a toss.

The business of real estate is going to be on a toss.

And the reason being greater transactions in cash. No longer people will accept a large amount of cash. 

Banks and post offices will be shut on November 9.

Banks and post offices will be shut on November 9.

Have a look at Mr Modi's addressal on this issue.

Will this give black money holders a heart-attack?

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