PM Modi’s Real Surgical Strike on Black Money: 7 Things to Know

In a surprise announcement, Modi declared that Rs 500 and Rs 1,000 notes will be scrapped.

Narendra Modi reminded black money holders that they can come clean by declaring their assets by 30 September. (Photo: Reuters)

In a surprise announcement on Tuesday evening, Prime Minister Narendra Modi declared that Rs 500 and Rs 1,000 notes will be scrapped. Cracking down hard on black money and corruption, Modi announced that starting from 8 November midnight, these notes will become invalid.

Also Read: Rs 500, 1,000 Currency Notes Scrapped, Rs 2,000 Note Introduced

Here are seven key things you need to know:

(Photo: The Quint)

(Photo: The Quint)

(Photo: The Quint)

(Photo: The Quint)

(Photo: The Quint)

(Photo: The Quint)

(Photo: The Quint)