<h1>India Demonetizes 500 and 1000 Rupee Notes to Fight Corruption and Counterfeit; Exchange Until Dec 30, 2016.</h1> The Prime Minister announced the demonetization of 500 and 1000 rupee notes, effective from midnight on November 8, 2016, as a measure to combat corruption, black money, and counterfeit currency. Citizens can deposit these notes in banks or post offices until December 30, 2016, and exchange them at banks and post offices with identity proof. The government aims to protect honest citizens while targeting anti-national elements. New 500 and 2000 rupee notes will be introduced. Temporary hardships are anticipated, but the move is positioned as a necessary step for national progress and integrity.