Indian Currency: No More 500- or 1,000-Rupee Notes
PYMNTS
NOVEMBER 8, 2016
Banks have 50 days to comply with the new directive, with individuals able to exchange those notes beginning Nov. Separately, TheIndianExpress.com reported that smaller currency denominations would not be affected — and also that long lines had been queuing up at ATMs to withdraw cash in advance of bank closures slated for today.
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