2000 rupee note exchange will be problematic

Why Demonetisation in 2016 was a scam. And so, why 2023's Rs2000 note exchange is the scam repeat. Here is how it works:

Suppose you have Rs 20 lakh in black in Rs 2000notes. You can't deposit it in your account bcoz it's unaccounted for.

Contact a bank manager. Tell him he can keep 10% as commission...or Rs 2 lakh.
Manager digs into the vast repository of Aadhar of his account holders.
All he needs is 100 aadhaar to fill the request slips, deposit the Rs 20 lakh & exchange it with other denomination notes

This will play out across branches all around the country. Its what happened in 2016. It will happen again in the next 4 months.
If the need was to unearth black money or destroy it, the solution was simple--no exchange, only deposit in the bank accounts.

The option to exchange is a loophole kept deliberately to facilitate corruption.

Bouquets and Brickbats welcome! more  

View all 25 comments Below 25 comments
Only to help black money holders to make everything white. It should be made to route through their respective bank accounts more  
this will be another scam as bank will not ask to fill form. nor ask for adhar or pan card . without name of depositors balck money of 2000 notes will be allowed to exchage more  
How many millionaire are there in India. All ex and present government employees. ( except 10%).State central government PSU and 50% of private sector. Schools in private are poor. Even most of the producers of agriculture ( not less than 70%). That leaves poorest of poor to 5%. Not meeting ends is 25% Not really poor 5%. Then of 65% we don't get even 20% submit their Tax returns ( Agriculture segment is devoid of returns)(Society and other professional services avoid, finding loop holes) We are poor in economic activity and not in development more  
Only Wealthy peoples, Politicians , Political Parties Black marketers having these notes. It was easy to handle. Common Peoples Do not have these & if they have just deposit in their account & finish the matter. Not to cry on social media. The Peoples are foolish who are crying . In fact their crying for to save their unaccounted money. more  
20 Aadhaar will lead to 20 accounts? more  
Post a Comment

Related Posts

    • Mobile Number portability problems

      Glad LC Manager took up this survey on mobile number porting https://www.localcircles.com/a...

      By Shikha Chhabra
      /
    • Cricket World Cup Tickets Scam

      BCCI or whosoever is selling online tickets via bookmyshow and other websites you are likely doing big scam. Ahmedabad match, capacity 135000, ticket was sold out within minute. However ...

      By Dinesh Shah
      /
    • Regulating child access to social media OTT and online gaming

      Is the need of the hour. I am amazed at the fact that many of the mainstream media channels and papers are refraining from talking about it. Perhaps there is vested interest. Super glad ...

      By Sudesh Rai
      /
    • Junk consumption soaring only bad to follow

      Varun Beverages sold 480 Cr Litres of Pepsi and other Beverages in FY23 Dominos India sold 6.7 cr to 7.83 cr Pizzas in FY23 Pizza hut India (Sapphire) sold abou...

      By Sudesh Rai
      /
    • Are we going to have a rabies and dog bit epidemic

      LocalCircles Manager and members are doing excellent work in sensitising the Government to take dog bite menace seriously and on the other hand we have officers like District Magistrate Noida who a...

      By Radha Puri
      /
    • Banking difficulties of people

      Thrilled to see LocalCircles banking difficulties survey in multiple english hindi news papers yesterday.

      By Shailesh Deshmukh
      /
    • Appeasing minorities by giving vehicle subsidies

      Is a really wrong policy that is being deployed bh Karnataka Government. The only way such subsidies must be given is based on economic status (basis tax returns) and not caste. We all r...

      By SN Mittal
      /
    • Kudos LocalCircles

      Great work on bank malpractices and escalating this issue to RBI. All members who have a loan need to save the attached notification in their mobile/computer. Your bank will now have to...

      By Shikha Jain
      /
    • Need safety standards for commercial public events

      A lot of women who went to the AR Rahman concert this weekend had to face horror. Many, i mean a lot were groped and assaulted.

      By Sarita S
      /
    • High costs of medical education

      It is costing anywhere between 1.5 crores to 4 crores for a medical specialisation MD degree. How many people in middle class have this kind of money in their banks which means only chi...

      By Sarita Ravichandran
      /
    • G-20 India - Declarations

      Attached for all those who are interested. This circle has such knowledgeable people. We should discuss how these broad areas of consensus can be translated into real areas of actions on the ground

      By Ashima Gupta
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)