New Dehli: Due a big announcement by PM India Narendra Modi ragarding the ban of Rs. 500 and Rs. 1000 currency Notes the Banks will observe a holiday on Wednesday, 2016 in all India.
Treasury will also remain closed on 9 November, 2016 in India.
PM Modi has announced that the currency notes of Rs. 500 and Rs. 1000 denominations should be withdrawn this midnight and will not be legal more after November 8, 2016. People have 50 days to exchange the said currency notes till December 2016. New currency notes will be in circulation soon, told by the officials.
It can be a historic step that benefits the poor, the middle class and the neo-middle class.