HIGHLIGHTS
ATMs (Automated Teller Machines) will not work tomorrow and the banks will be closed.
The notes of Rs 2000 and Rs 500 will be circulated soon, said PM Modi.
RBI has decided to limit the notes with higher value, the PM said.
Rs 500 and Rs 1,000 currency notes will cease to be legal tender from midnight, Prime Minister Narendra Modi announced in a television address today.
The Prime Minister said that all the 500 and 1,000 denomination notes can be deposited in banks and post offices from November 10 till December 30.
"The notes of Rs 2000 and Rs 500 will be circulated soon. The RBI has decided to limit the notes with higher value," Modi said.