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Rediff.com  » Getahead » This chat is over now: All about ban on Rs 500 and Rs 1000 notes

This chat is over now: All about ban on Rs 500 and Rs 1000 notes

Last updated on: November 09, 2016 14:38 IST

For those who missed the chat, here is the transcript: 'Achche Din for those without black money'


Investment advisor Harsh Roongta will answer  your queries on the ban on Rs 500 and Rs 1000 notes and what you should be doing. Join Harsh between 11 am and 12 noon today.

Instead of panicking, keep your calm, is what money experts are saying as people began queuing up outside bank ATMs on the night of November 8, even as Prime Minister Narendra Modi announced his government's decision to demonetise Rs 500 and Rs 1000 notes to curb the menace of black money or unaccounted wealth.

As the banks and ATMs will remain closed today for removing the old stock of these notes out of the system and replenish them with Rs 10, Rs 20, Rs 50, 100, Rs 500 and Rs 2,000 notes (the latter two will make a fresh debut and will be different in look and feel from the older Rs 500 and Rs 1000 notes), there is likely to be panic and chaos outside ATMs and bank branches as they queue up to exchange their older notes.

Investment advisor Harsh Roongta

But then, how will this abolition of Rs 500 and Rs 1000 notes affect you?

Investment advisor Harsh Roongta will answer your queries on the ban on these notes in an online chat between 11 am and 12 noon on November 9, 2016.

This chat is over now.

Harsh Roongta blogs at harshroongta.com

Photograph: PTI Photo