Discussion Demonetisation of old Rs. 500 and Rs. 1000 currency notes

[sam]

Draw from where????

From ATM or Bank Account Till 31st December 2016

To reduce work for bank workers

& Use that time in exchanging notes...

 

[sam]

Permanently or Temporary :huh .. If permantly means how we can transact bulk money :huh ..

Temporarily till 31st December 2016

Because to reduce work load to bank workers
& Use that time to exchange notes

*We can transact higher transactions via Debit/Credit Cards.... By swiping :tup

 

[Optimus_Prime]

Every 2000 notes will have Nano GPS chip technology embedded.

 

[PRK]

The step is very good because:
1. Fake currency stashed by Pak and sent into India wasted. Big problem avoided.
2. Those who have stashed lots of black money in their home will face big problem as they cannot exchange all black money and it's gone. Very hard to convert to white money as everything will be monitored with indetity. Black momey people in big trouble. Many people are calling my father as he is in bank.

 

[Sarkar]

RIP ₹1000 we will miss you  :'(

Great move by PM  :tup

 

[Sai Jai]

Post ss of new notes you got in atm if possible

Posted using DreamDTH app

 

[PRK]

The step is very good because:
1. Fake currency stashed by Pak and sent into India wasted. Big problem avoided.
2. Those who have stashed lots of black money in their home will face big problem as they cannot exchange all black money and it's gone. Very hard to convert to white money as everything will be monitored with indetity. Black momey people in big trouble. Many people are calling my father as he is in bank.

I don't see my previous reply so posted again

 

[Sarkar]

These 100 rupee notes are not new  :no

 

[Optimus_Prime]

The step is very good because:
1. Fake currency stashed by Pak and sent into India wasted. Big problem avoided.
2. Those who have stashed lots of black money in their home will face big problem as they cannot exchange all black money and it's gone. Very hard to convert to white money as everything will be monitored with indetity. Black momey people in big trouble. Many people are calling my father as he is in bank.

I don't see my previous reply so posted again

1. whats guarantee that these new notes never make counterfeits?
2. What will happen to common people for next 2 days?

The problem of black money is not one of 500 and 1000 notes but the loads of money stashed in Swiss banks. For lack of political will to bring back the money stashed away, this gimmick of declaring 500 and 1000 as not legal tender overnite and limiting transactions. Will the money held by politicians and corporates be affected? Are they going to go and stand in atms and banks in queue? This move will only affect the general public.

 

[Sourabhs20]

Great great great move by Modiji....

It will create some problem for peoples but really necessary for our country.

Thanks Modi ji.