PM Narendra Modi bans Rs 500, 1000 notes from midnight; ATMs closed for 2 days

In a masterstroke that shocked and surprised the nation, Prime Minister Narendra Modi has announced today that from midnight, Rs 500 and Rs 1000 notes of the Indian currency will be banned. The PM said that the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight”. However, all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and…

"PM Narendra Modi bans Rs 500, 1000 notes from midnight; ATMs closed for 2 days"