Everyone remember that evening of 8th
November, when PM Modi announced ban on 500-1000 rupee old currency. From the
day first Govt. and RBI is coming with new guidelines on money transaction.
On Monday morning, RBI curbs deposits above Rs
5,000. The Reserve Bank of India (RBI), said
one can make a deposits in Rs 500 and Rs 1,000 notes in excess of Rs 5,000 only
once per account. Also if you want to deposit cash of old currency in excess of
Rs 5,000 then you will have to explain in front of two officers that why this
old currency was not deposited till now.
Govt. is taking serious action on demonetization and black money and
there is no doubt on the intention but common man has to suffer more than
expected.
