In India: Three-day Window for Demonetization in March

currency demonetization in india 2016

True or fake?

On November 8, 2016, the Government of India announced the demonetization of all INR 500 and INR 1,000 currency notes to curb the shadow economy and crack down on the use of fake currency notes that was being used for illegal activity and terrorism. The demonetization period lasted till December 30, 2016. However, according to a recent news circulating on WhatsApp, a three day window in March will allow citizens one last chance to exchange the currency notes. Could this be fake news?

An important Notice pl.

RBI has allowed deposit of old notes of 500 and 1000 in any bank for 3 days from 29th to 31st of March 2017 Please inform your friends and family. Only for three days. Last chance.

Pl.share the information… Forwarded as received

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Social Media posts

Reporting Organization/website

WhatsApp

Reported In

March 2017

Image by Kottakkalnet (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

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