Collated all important posts to create awareness on the unanticipated contingency announced by PM Modi!
Collated all important posts to create awareness on the unanticipated contingency announced by PM Modi!
Collated all important posts to create awareness on the unanticipated contingency announced by PM Modi! – Shared from Whatsapp
PM Modi Announces that the government is scrapping the existing denominations of Rs 500 and Rs 1000 currency notes.
Call to action – Please share this post with as many people as possible.
SIMPLE WAY to understand of HOW does Modi’s new rule of abolishing Rs. 500&1000 NOTES will help IMPROVE the condition of every citizen in the COUNTRY…
A common man will be the highest beneficiary by this biggest move to control black money transactions..
this new scrapping of higher denomination notes such as 500-1000 will ensure that no one influence government TENDERS by favouring corrupt officers for all government related works such as ROADS, RAILWAYS, food, HOSPITALS, Health, SECURITY and POLICE force, etc.
TERRORISTS cannot get funds easily anymore as all transactions will happen via bank and government can easily track the culprits who are supporting TERRORISM directly or indirectly..
POLITICIANS cannot move large amount of black money in cash format for party funds or buying vote banks, or pay rowdy elements, goondas or miscreants to pump money for agitating a general problem into a big issue in the name of religion, state, language or some random reasons..
Since most of the transactions happens via banks, the value of Indian currency will begin the raise.. as a result Home loan, Student loan, Farmers crop loans and all loan INTEREST RATES will drastically REDUCE which will benefit every citizen who is working in the right way legally..
This system will stop rich getting richer and poor getting poorer.. This will BALANCE the INDIAN ECONOMY in the next 20 years in a very big way..
Right now, a poor man struggles for a Rs.15 lunch or meal to eat while a rich politician or any corrupt officer can easily purchase 1 or 2 Crore Rupees worth diamond necklace for a fashion statement..
this new system will make everyone to answer from where and how is the money being earned.. and a common Indian citizen who has earned their money legally and by correct ways can always deposit this amount in the bank and earn interest, have security and insurance for RBI against theft also..
But a person who has earned money in wrong ways and who is stacking up cash loads of black money will not be able to misuse India’s currency system anymore..
This system will eradicate farmers deaths.. stop funding money for terrorists and terrorism.. reduce bank loan interest rates..
also any good person who wishes to change India can now stand for election and win genuine votes instead of a corrupt politician wining with the power of black money and spoil our beloved mother India more by looting the countries economic condition again..
PLEASE SHARE THIS FOR A BETTER INDIA..
Decision was not sudden. It merely started with bank account for all. Then linked bank accounts with aadhar. Then brought disclosure of bank account, passport and aadhar in income tax return. Add to it the various data mining and collection tools in the hands of the income tax department. Then the income disclosure scheme. And this masterstroke. Truly a systematic change in the last 2 years!!!
Timing is also key – 8 pm announcement means no possibility to make last moment transaction at jewellers shop or any impact on share market.
Guys, just look at the timing! He’s totally screwed the satta bazaar who are betting thousands of crores on the US election results today. The results will be out by 1 am, whereas the currency notes will be worthless from 12 am tonight.
That’s okay, Be at home. Don’t worry, Eat what you have, Travel as you can, Ask for lift if you don’t have change.
This is a drastic change, It’s for good. We can support this.
Don’t complain or frustrate. It’s our chance to raise India back to what it was. It’s our chance to support Our leader, Indeed why only army has to support the fight. Let’s all come together and fight back. Let us do for us and our coming generations, Let’s do for our country.
Drastic change does not come slowly. It hits like a hammer and breaks all that is …
Congratulations India for a legendary leader.
It can be chaos in the moment, it will be revolutionary transforming for our coming generations.
I don’t mind bearing this inconvenience now, for a better future.
Post no. 3:
1. Why is this scheme?
The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.
2. What is this scheme?
The legal tender character of the notes in denominations of ₹ 500 and Rs1000 stands withdrawn. In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any Head Post Office or Sub-Post Office.
3. How much value will I get?
You will get value for the entire volume of notes tendered at the bank branches / RBI offices.
4. Can I get all in cash?
No. You will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.
5. Why I cannot get the entire amount in cash when I have surrendered everything in cash?
The Scheme of withdrawal of old high denomination(OHD) notes does not provide for it, given its objectives.
6. ₹4000 cash is insufficient for my need. What to do?
You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.
7. What if I don’t have any bank account?
You can always open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements.
8. What if, if I have only JDY account?
A JDY account holder can avail the exchange facility subject to the caps and other laid down limits in accord with norms and procedures.
9. Where can I go to exchange the notes?
The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
10. Need I go to my bank branch only?
For exchange upto 4000 in cash you may go to any bank branch with valid identity proof.
For exchange over 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank.
In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account.
11. Can I go to any branch of my bank?
Yes you can go to any branch of your bank.
12. Can I go to any branch of any other bank?
Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds ₹4000.
13. I have no account but my relative / friend has an account, can I get my notes exchanged into that account?
Yes, you can do that if the account holder relative/friend etc gives you permission in writing. While exchanging, you should provide to the bank, evidence of permission given by the account holder and your valid identity proof.
14. Should I go to bank personally or can I send the notes through my representative?
Personal visit to the branch is preferable. In case it is not possible for you to visit the branch you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.
15. Can I withdraw from ATM?
It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of Rs.2,000/- per card per day upto 18th November, 2016. The limit will be raised to Rs.4000/- per day per card from 19th November 2016 onwards.
16. Can I withdraw cash against cheque?
Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of Rs10,000/- in a day within an overall limit of Rs.20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.
17. Can I deposit withdrawn notes through ATMs, Cash Deposit Machine or cash Recycler?
Yes, OHD notes can be deposited in Cash Deposits machines / Cash Recyclers.
18. Can I make use of electronic (NEFT/RTGS /IMPS/ Internet Banking / Mobile banking etc.) mode?
You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment.
19. How much time do I have to exchange the notes?
The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI till 30th December 2016.
For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India.
20. I am right now not in India, what should I do?
If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff)
21. I am an NRI and hold NRO account, can the exchange value be deposited in my account?
Yes, you can deposit the OHD banknotes to your NRO account.
22. I am a foreign tourist, I have these notes. What should I do?
You can purchase foreign exchange equivalent to ₹5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes.
23. I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?
You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification.
24. What is proof of identity?
Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.
25. Where can I get more information on this scheme?
Further information is available at our website (www.rbi.org.in) and GoI website (www.rbi.org.in)
26. If I have a problem, whom should I approach?
You may approach the control room of RBI by email or on Telephone Nos 022 22602201/022 22602944
Post no. 4:
Request to all
It’s going to be of huge impact on indian economy.
Please do not panic and rush to the banks or post office for depositing the old notes.
Please carefully understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.
Because this is going to create a prob and inquiry in Income tax. So please b careful.
Most important- Please update your’s/yours friends/ relatives/ Clients books of accounts immediately.
Post no. 5:
தயவு செய்து நாமும் 500 1000 செல்லாது என்று பிறரை பயமுறுத்த வேண்டாம்
படித்த நாமே இவ்வாறு என்றால் மற்றவர்கள் என்ன செய்வார்கள். தயவு செய்து இனி செல்லாது என்று கூறாமல் அதனை என்ன செய்ய வேண்டும் என்று கூறுவோம்
வங்கிக்கு செல்லும் போது என்ன ஆதாரம் கொண்டு செல்ல வேண்டும் என்று கூறுங்கள்
எப்படி மாற்ற வேண்டும் என்று கூறுங்கள்
சரியான வழியில் உழைத்தவன் எவ்வித கவலையும் பட வேண்டாம் என்று கூறுங்கள்
நாளை மறுநாள் வங்கியில் சென்று மாற்றலாம் என்று கூறுங்கள்
உங்கள் அருகில் இருப்போருக்கு விழிப்புணர்வை உண்டாக்குங்கள்
உங்களிடம் எவ்வளவு பணம் இருந்தாலும் வங்கியில் சென்று மாற்றிகொள்ளலாம் என்று கூறுங்கள்
கணக்கில் இல்லாத பணத்திற்கு வரிகட்டினால் மட்டும் போதும் என்று கூறுங்கள்
சில நேரங்களில் கசப்பான மருந்துதான் தீராத நோய்க்கு தீர்வாக அமையும்.
Post no. 6:
The news, phones, what’s app groups, our minds our conversations are all full of chaos and opinions about 500 and 1000 currency notes.
What was sacred and precious suddenly now is a topic of joke and ridicule.
Let us not shun these currency notes like they have no value anymore.
They served a purpose while they were with us. Made us feel rich and secure got us so many luxuries and comforts.
And now too they serve a larger purpose. Their elimination will only help us bring law and order in our country.
Isn’t that a great service these currency notes are fulfilling while they were here and now when they leave.
Let us send these currency notes lots of love and gratitude.
Like they are a dear friend who is now leaving for good.
These notes do carry energy and let us know how we honour them.
Let us use this opportunity to recreate our relationship with prosperity.
The least we can do is not engage in frivolous forwards or idle conversations that demean this whole process.
And when you exchange these notes hold them in your hand and say a thank you and bless them with love.
Post no. 7:
Make 1,25,000 per valid bank account without moving a finger (scheme valid only for honest citizens):
How honest citizens can benefit from ₹500 & ₹1000 currency note ban?
If you are a Taxpayer or a Bank Account Holder, not eligible for paying tax – Your rich friends and relatives would have contacted you by now. For what? To deposit their cash in your bank account.
Here is what you need to know:
– The ongoing black-to-white conversion rate in the market is ₹500 for ₹1000. Which means, they get ₹500 back for every ₹1000 they give to a middleman who helps them. These middlemen run a complex racquet involving fake businesses, accounts and hoax bill-books. The government will begin a crackdown on them.
– This rate is expected to drop even further, very soon it will be ₹100 for every ₹1000 since those notes mean nothing more than waste paper.
– Rich people, who have milked the system for decades will approach their tax paying friends, relatives, maids, drivers, laborers, tutors etc to ask them for ‘help’. The help: please keep my cash in your account.
What should you do?
Step 1: Know your limit – You can deposit up to ₹2,50,000 in your account by Dec 30 with no questions asked. Beyond this, each and every transaction will be validated.
Step 2: Know the prevailing rate – Current rate of exchange is ₹500 for ₹1000. This will drop further sharply. So much so thy by the end of December 2016, you might get a ₹1000 rupee note for ₹5. So, the more patiently you wait, the better are your chances of making some money.
Step 3: Understand legality and morality: You are doing nothing wrong. This is a small reward from the universe for staying honest. No one will ever question your deposit below ₹2,50,000.
Step 4: Communicate – Send this message to the person who wants to benefit through you. Tell them that you are ‘aware’. Without guilt, and with confidence – tell them that you will make the best of this opportunity.
Step 5: Negotiate – Agree on a good rate which should be lower than the market rate because you are saving them from legal risk of money-laundering by keeping their money in your clean account. You are saving them from JAIL.
Step 5: Accept cash, less than ₹250,000 and deposit into your account in installments. If you have 3 accounts, you can do this 3 times.
Step 6: Return ₹1,25,000 (example @50% ongoing rate) when the new notes are out and withdrawal limits are curbed. Return this money through check or bank transfer in installments.
Step 7: Educate others. Poor people with bank accounts can easily make few lakhs of money through cash which will become a piece of paper by 2017. Don’t let them get milked. System has milked them enough.
So this is how ₹1,25,000 minimum can be made per working account. This will result in massive redistribution of wealth which is currently lying with a few individuals. Your maids, servants, drivers, beauticians, cook, tutor, housekeeper, electrician, carpenter etc can all benefit through this simple transaction. Help them get rich. Please share widely… and remember, the more you wait, the sweeter it is for you, because these rates will come down! It will finally be a HAPPY new year for them.
Please share widely.
Post no. 8:
Another piece that I read says that by Oct’17, gold without receipts will be targeted … the next stop for black money.
Benami land is a long term investment, and people are smart enough to find a way out.
The challenge lies in funds lying with foreign banks. It can be directly used for terrorism or other illegal business, without going through Indian channels. Real owners can be compensated with a premium in India, for help rendered on foreign shores.
This demonetization is only raising the cost of stashing money, not a promise for total eradication.
Post no. 9:
Take Precaution While depositing or exchanging 500 or 1000 notes in the Bank or Post Office, if you asked to provide ID and PAN copy, kindly attest the same and write a note that you are depositing so much amount on the date….. There are chances that unsigned PAN and ID proof copy may be photocopied several times.
Post no. 10:
IMPORTANT NOTICE :
Income Tax department has added a new window in their I.T. E-FILING WEBSITE viz ” ACCOUNT CASH TRANSACTIONS ” , from today morning…..!!!!!
The moment CASH is deposited into your Bank a/c , the amount will immediately reflect in this WINDOW of the I.T. Department. All the Banks Server’s have been linked with the CPU of I.T. Department for CASH transactions….!!!!!
Please SHARE this msg….!!!!!
Post no. 11:
Is it True ? Not sure, but sounds interesting… 🙂
Prediction of Nostradamus – A French prophet
“450 years ago Nostradamus predicted Modi Era” : How ???
French prophet Nostradamus wrote
That from 2014 to 2026, a man will lead india, whom initially, people will hate but after that people will love him so much that he will be engaged in changing the country’s plight and direction.
This was predicted in the year 1555. Written in French and translated into Marathi language by the famous astrologer of Maharashtra Dr.Ram Chandra Joshi.
*It is clearly written on the 32-33 page,
“Wait Ram Rajya is coming”
A middle aged superpower administrator will bring golden age not only in India
But on the entire Earth, who will revive his Sanatana Dharma and will make India the best
Hindu nation by defeating the evils and would be placed on Power of its Own.
Under his leadership India will not only just become the Global Master, but many countries will also come into the shelter of India.
COINCIDENCES ?? ??
Buddha was married, but he left his wife and went out in search of the truth.
His wife lived alone.
His wife’s name was Yashodara
II. Mahavira was also married,
But he also left his wife and became monastic.
His wife lived alone.
His wife’s name was Yashoda.
III. Modi also married,
but he left his wife and put his life in serving the nation.
His wife is also living alone.
His wife’s name is Yashodaben
“ YASHODA, YASHODARA AND YASHODABEN “
IS IT JUST COINCIDENCE OR HISTORY IS REPEATING ITSELF.
-forwarded as received
Post no. 12:
POSTAL ID CARD
நமது பகுதியிலுள்ள post office சென்று ID card application என்று வாங்கி அதை பிழையில்லாமல் பூர்த்தி செய்து ஸ்டாம் சைஸ் போட்டோ ஒட்டி, நமக்கு ஏற்கனவே உள்ள ஆதார், லைசென்ஸ்,Voter ID இதில் ஏதோ ஒன்றின் Xerox இணைத்து post office கொடுத்தால் 15 நாட்களில் Central government Color ID card பெற்றுகொள்ளலாம், ரயில்பயணம், போன்ற அனைத்துக்கும் பயன்படுத்தி கொள்ளலாம், தேவையில்லாம் மற்ற ஒரிஜனல் ID யை நாம் பாக்கெட்டில் வைக்க தேவையில்லை !!
Post no. 13:
Sharing as received in Whatsapp!
Normally we respect our Soldiers for their duty. Indeed they safeguard us.
Now it’s time to Salute and value our Bank staff too as they will be on their toes to serve the Nation in our Prime minister’s endeavor. This very duty is very equally important to run the Nation to make clean, clear and honest economy. We will be setting an example to the world.
Bank staff too have their family, some of them might have cancelled their leave because of current and immediate demands.
From today and now on wards, please Cooperate with all the bank Staff and respect them for their duty, which is the need of hour. This will enable them to discharge their duties efficiently.
You are aware common and salaried man is never disturbed by this demonetization. It is the people who cheated and exploited the common man are suffering. Lets have an opportunity to watch how they take this tremor and lead their life.
Humble request to all Bank Account holders in compliance of the above to the bank staffs.
Please share with all your friends and families in making this herculean task of our PM a great success for benefit of common man. Thanks in advance!
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