Modi said that Rs 500 and Rs 1,000 notes will be valid for transactions related to booking of air and railway tickets, and at government bus ticket counters and hospitals till the midnight of November 11 and 12.
"@MoHFW_INDIA issuing instructions to all Central govt hospitals & #AMRIT pharmacies to comply with 72hr guidelines . #IndiaFightsCorruption.," Nadda tweeted.
In a televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1,000 could deposit the same in their bank and post office accounts from November 10 till December 30.
Nadda termed the announcement as "historic" and said it would have a positive impact on India.
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"Historic & transformational announcements by PM Shri @narendramodi which will have a very positive impact on India. #IndiaFightsCorruption
"The menace of black money slowed India's development. Now the development will pick pace & touch more lives. #IndiaFightsCorruption," Nadda said in a series of tweets.
Modi during the announcement said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins would continue to be valid.
He also announced that new notes of Rs 2,000 and Rs 500 will be introduced.
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