8 latest developments in demonetisation so far

Normal life was disrupted after Prime Minister Narendra Modi, all of a sudden, announced demonetisation and scrapped old banknotes of Rs 500 and Rs 1000.

Since the time of the announcement, the whole nation went into tizzy as the Indian government the public very little time to exchange old currency with new bank notes.

The step taken to fight black money and hoarding of unaccounted wealth has caused huge discomfort to people, especially those who do not have bank accounts.

Even the banks and ATMs are failing in meeting demands of people. The government and the Reserve Bank of India (RBI) are doing everything they can to minimise the inconvenience.

Here are the 8 latest developments in the demonetisation story so far


(Images: Reuters/Indiatimes)