PM Narendra Modi says Rs 500 and Rs 1000 notes will be discontinued from Wednesday

Highlights Old Rs 500, Rs 1000 notes illegal from midnight; new notes to be issued

Citizens have 50 days from Nov 10 to return notes at banks, post offices

Banks and ATMs closed to public on Wednesday

Prime Minister Narendra Modi has announced that Rs 500 and Rs 1,000 currency notes are illegal as of midnight. Here is his speech in English and Hindi (scroll to the end of the page for speech in Hindi):