PM Narendra Modi announced discontiuation of Rs. 500 & Rs. 1000 notes from 9-Nov-2016 midnight. New Currency notes of Rs. 500 & Rs. 2000 will be available from 11-Nov-2016. All existing currency notes of Rs. 500 & Rs. 1000 cease to be legal tender.
This is historic step in economic times of India to fight corruption, black money, terrorism & fake counterfeit currency.
New Rs. 500 and Rs. 2000 currency notes will available through banks & ATM from 11-Nov-2016.
There will not be any Rs. 5000 note in India.