Ban on Rs 500, Rs 1000 notes: Modi goes ‘Sivaji’, ‘Pichaikaran’ way

Ban on Rs 500, Rs 1000 notes: Modi goes ‘Sivaji’, ‘Pichaikaran’ way

In a big and bold step to check black money, corruption and fake currency, Prime Minister Narendra Modi on Tuesday announced demonetization of Rs 500 and 1000 currency notes with effect from midnight, making these notes invalid.

But Kollywood has been suggesting this for nearly a decade. In Superstar Rajinikanth’s Sivaji directed by Shankar, the end credits would have a paper clipping, predicting that this would happen.

Much recently, there was a scene in Vijay Antony starrer Pichaikaran, in which a character would suggest banning Rs 500 and 1000 notes.

In his televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.

Modi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” However, he 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 will continue to be valid. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.