WARNING! | On November 8, 2016, the Government of India announced the demonetization of all Rs.500 and Rs.1,000 banknotes of the Mahatma Gandhi Series, and replaced these older notes with new Rs.500 and Rs.2000 banknotes. The government claimed that the action would curtail the blackmarket economy and crack down on the use of counterfeit notes to fund illegal activity and terrorism. Most counterfeit currency involved these two notes. This means that the old Rs.500 and Rs.1000 notes are literally worthless now. Many tourists don’t know this and have been known to accept them in currency exchanges and as cash change during purchase transactions. Do not accept these older Rs.500 and Rs.1,000 notes. It is best to accept Rs.10, Rs.20, Rs.50, Rs.100, and the new Rs.500 and Rs.2000 notes instead. See images below.