General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
All life threatening and emergency vendors/providers including Bus tickets, pharmacies, medicals/clinics/hospitals, ration stores etc will continue to accept notes.
Hehe, what a coincidence, even I withdrew around 20k
Anyway, all notes can be deposited to your Bank A/C, there is no limit on that. Only limits on exchanging per day.
Kudos to that surgical strike.
Hehe, what a coincidence, even I withdrew around 20k
Anyway, all notes can be deposited to your Bank A/C, there is no limit on that. Only limits on exchanging per day.
Kudos to that surgical strike.
Honest taxpayer and old age people have nothing to worry...there is a system in place whereby they can make application,give identity proof and exchange the money even after 50 days...it is a problem for black money holders having crores stashed in their bank lockers.IT will go on their trail if they deposit a large amount of money in the banks.
ST
ST
#WHATSAPP forwarded.
RBI to issue ₹2000 Rupees Notes coming February 2017
Not just a piece of paper There is much more in this note Read the full content of this message
India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel7 high-value denominations should be discontinued to curb black money.
The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip)
How the embeded NGC Technology Works?
The unique feature of the NGC is it dosent need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency note
How will this help eradicate black money menace?
Since every NGC embeded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation
Just a beginning of the end of black money in India
RBI to issue ₹2000 Rupees Notes coming February 2017
Not just a piece of paper There is much more in this note Read the full content of this message
India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel7 high-value denominations should be discontinued to curb black money.
The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip)
How the embeded NGC Technology Works?
The unique feature of the NGC is it dosent need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency note
How will this help eradicate black money menace?
Since every NGC embeded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation
Just a beginning of the end of black money in India
ST now all black money will work only for tea making :lol:
ST kuch formla hai keya ? You helping all TJIAN now help in this issue
ST kuch formla hai keya ? You helping all TJIAN now help in this issue
Just joking...I have some 25-30 k so no problem as it is all legitimate money withdrawn from banks for expenses....I have NO black money...ST
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