▁the ▁design ▁of ▁ ▁bank notes ▁in ▁August ▁ 2 0 1 6 . ▁The ▁printing ▁of ▁new ▁bank notes ▁started ▁in ▁October ▁when ▁the ▁news ▁stories ▁of ▁forth coming ▁new ▁bank notes ▁appeared ▁in ▁the ▁media . ▁On ▁ 2 7 ▁October ▁ 2 0 1 6 , ▁the ▁H indi ▁daily ▁D ain ik ▁Jag ran ▁published ▁a ▁report ▁qu oting ▁R BI ▁sources ▁speaking ▁of ▁the ▁forth coming ▁of ▁ ▁bank notes ▁alongside ▁withdraw al ▁of ▁ ▁and ▁ ▁bank notes . ▁On ▁ 2 1 ▁October ▁ 2 0 1 6 , ▁The ▁H indu ▁Business ▁Line ▁had ▁also ▁published ▁a ▁report ▁on ▁the ▁forth coming ▁ ▁bank note . ▁ ▁The ▁Union ▁cabinet ▁was ▁informed ▁about ▁the ▁plan ▁on ▁ 8 ▁November ▁ 2 0 1 6 ▁in ▁a ▁meeting ▁in ▁the ▁evening ▁called ▁by ▁the ▁Indian ▁Prime ▁Minister ▁Nar endra ▁Mod i . ▁So on ▁after ▁the ▁meeting , ▁Mod i ▁announced ▁the ▁demon et isation ▁in ▁an ▁un sch eduled ▁live ▁national ▁tele vised ▁address ▁at ▁ 2 0 : 1 5 ▁I ST . ▁He ▁declared ▁circul ation ▁of ▁all ▁ ▁and ▁ ▁bank notes ▁of ▁the ▁Mah at ma ▁Gand hi ▁Series ▁as ▁invalid ▁effective ▁from ▁the ▁mid night ▁of ▁the ▁same ▁day , ▁and ▁announced ▁the ▁issu ance ▁of ▁new ▁ ▁and ▁ ▁bank notes ▁of ▁the ▁Mah at ma ▁Gand hi ▁New ▁Series ▁in ▁exchange ▁for ▁the ▁demon et ised ▁bank notes . ▁ ▁Information ▁le aks ▁Prom inent ▁business men ▁stated