The government of India announced demonetization of the currency notes of Rs 500 and Rs. 1000 on which date?

8th November, 2016

On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000. This was done to fulfill the following objectives:

• fighting black money
• fake notes
• creating a cashless economy 
• Reducing funding for terrorism