The Governments Constant Changes To Note Ban Have Only Made Things More Confusing

Admin 17-Nov-2016 16:45:58 Inothernews

The Governments Constant Changes To Note Ban Have Only Made Things More Confusing


Ever since the Prime Minister stunned the nation with the announcement that Rs 500 and Rs 1000 notes would cease to be legal tender from November 8, there has been confusion across the nation.



The problem with this: The whole point of this exercise seemed to be that people would be forced to use documented funds and curb the spend of unaccounted cash. However, the government on Thursday suddenly announced that people who turned up with wedding invitations at a bank could withdraw up to Rs 2.5 lakh in cash.

This comes after the rumour that you could present a wedding card that has been verified by a Deputy Commissioner of Police to withdraw Rs 5 lakh for a wedding. Turns out that WhatsApp forward was half right after all, and you don't even need a police official's verification, which some have pointed out can be easily misused.

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