LIVE: PM Narendra Modi's address to the nation

NEW DELHI: Prime Minister Narendra Modi, in a sudden address to the nation on Tuesday, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight. He said that such notes will become "mere paper". Modi said this was being done to tackle the menace of black money in the country, which has sapped the economy. LIVE UPDATES: The government will issues new Rs 500 and Rs 2,000 notes soon, he said. Banks have been ordered closed on Wednesday, November 9. A look at what it means for you: ** You can deposit old Rs 500 and Rs 1,000 notes in banks/post office accounts from November 10 till December 30, 2016, without any limit. ** There will be a limit on withdrawal from banks and post offices to Rs 10,000 a day, and Rs 20,000 a week. The limit will be raised in the coming days. ** You can exchange Rs 500/Rs 1,000 notes at any bank, post office or sub post office, showing ID proof, till November 24, 2016. The limit for this is Rs 4,000. ** ATMs will not work on November 9 (Wednesday), and in some places on November 10. ** Withdrawals from ATMS will be limited to Rs 2,000/day per card. This will be raised to Rs 4,000 later ** For 72 hours, the following services will accept Rs 500/Rs 1,000 notes: Government hospitals, Railway ticket booking counters, government buses and ticket counters at airports. Petrol, diesel and gas stations authorised by public sector oil companies. Consumer cooperative stores authorised by state or central government, milk booths authorised by state government and crematoria and burial grounds.

• Economic Affairs secy Shaktikanta Das shows new Rs 500 and Rs 2000 note
• From across the border, our enemies running racket in India through fake currency, said PM.
• Those unable to deposit Rs. 500 and Rs. 1000 notes by Dec 30 for some reason, can change them till March 31, 2017 by furnishing ID proof.
• Rs. 2000 denomination notes to be introduced, says PM.
• On November 9, all banks will remain closed for public work
• There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc: PM Narendra Modi
• On November 9 and in some places November 10, ATMs will not work
• Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight.
• You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office: PM
• From Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender
• Corruption, fake currency and terrorism are festering wounds, holding back the economy, says PM
• Corruption and black money is something we have fought for immediately after assuming office
• There is a time when you realise that you have bring some changes in society, and this is our time to feel the same
• Corruption is deep-rooted in the country, says Prime Minister in special nationwide TV address
• In all our policies, we are dedicated for the upliftment of entire society: PM Modi
• This Govt is dedicated to the poor, and will continue to do so: PM Modi
• India has emerged as a bright spot in the global economy with the support of 1.25 billion people
• The Prime Minister's address to the nation has begun.