Corrupt Branch Managers of Banks

Bank employee Rohit:
Hi, I am working in kotak bank and I am writing this with great disappointment.Corrupt bank official are changing black money into white.
Modus Operandi:- Government allow to change 4000/- rs per person per day.
1. Big corporate houses, factories are using i.d. of their employees (photocopy can be easily obtained by H.R files of employees) ,giving these I.Ds in bulk to branch managers and corrupt branch managers are changing 4000/- RS per ID of black money into white each day. For example ID of 500 persons can convert 20,00,000 rs per day per branch into new currency. Multiply it to number of branches doing this and you will be surprised how much black money can be converted to new currency in a single day.
2. Agents contacting telecom houses, mobile shops for getting photocopy of IDs in bulk and using them to convert black money into white with the help of banks.
3. Branch managers are taking photocopy of IDs from saving account of peoples and using thousands of these IDst covert 4000/- rs per ID into new currency.
This is going on very large scale. Crores of black money is converting into white every hour. Instead of giving new currency to public, banks are giving it to black money hoarders. Because of this, even after issuing thousands of crores of 2000 notes by RBI, public still waiting to get new currency.
Kindly share it to as many peoples and platforms as you can so that this malpractice comes into government knowledge and this can be stop immediately and this great step of currency change don’t go into vain. more  

View all 7 comments Below 7 comments
Benami account means. There is Benami PAN number. Benami Aadhar Cards. Then I have serious questions. Deposits should not accepted without PAN numbers more  
True. Stop this before the situation gets gets out of control. more  
yes sir it is true, i also have found many bank officers practicing this and the poor people are not getting even a single rupee for his hard money. more  
Bankers say this is impossible. One can exchange money only once and not each day. I have no idea. Maybe true ,may not be. I have copied it from WhatsApp. more  
Yes this is a weak link .the RBI should stipulate that unless one signs with amount withdrawn and date and time on the copy of ID and show original I'd in person no new notes can be issued in exchange,No bulk exchange is allowed . more  
Post a Comment

Related Posts

    • 60 of most polluted cities out of 100 in India

      See attached friends. 60 of the 100 most polluted cities in the world are in India and lets face this, none in southern India so pollution is a north India problem. I saw LC’s envi...

      By Vinita Agrawal
      /
    • Wow Localcircles survey impact

      Friends of LocalCircles, our survey escalation and news papers publishing the same has worked. The aviation minister called meeting of airlines yesterday and asked them to check their loot.

      By Shailesh Deshmukh
      /
    • GST looters compromising peoples data

      So a couple in Noida with their family of CAs conducted a 10000 crore scam in which they used over 600,000 pan cards. Created a ton of shell companies and played the input tax credit game. They bee...

      By Sneha Goyal
      /
    • Special airline fares for emergency and bereavement

      This is just a wonderful wonderful idea to restrict airline loot. https://www.localcircles.com/a/pres...

      By Reeta Kumar
      /
    • Inconvenience because some VIP wants to show off

      So japanese ambassador hired an army of security guards and Govt officials to clear the platform in Mumbai and the coach for this stupid photo-op ! What a joke ! Inconveniencing thousands of citize...

      By Shivani Khiste
      /
    • Seperate category for bereavement air fares

      As well as medical emergencies should be the norm in India. Mumbai Times of India is quoting attached LocalCircles survey saying that either fare caps must be reintroduced or a seperate category of...

      By Seema Shah
      /
    • Digital India has issues

      Sony Liv takes 90 days to cancel a subscription. Even monthly subscription. HDFC doesn’t let you cancel auto-pay online seamlessly. So you have to go to the branch and fill a form...

      By Sudesh Rai
      /
    • Gutka Or chewable tobacco ban a must

      We have 4-5 members in the extended family who are addicted to this and 4-5 times a day they must have the Gutka. It is available easily and unless supplies are shut down nothing will happen. All t...

      By Shivani Batra
      /
    • RBI not doing well on 2000 rupee

      If you want to exchange RS2000 at HDFC Bank, people must carry a valid government ID Proof without KYC people can't exchange single 2000 note. RBI must clarify in people interest is KYC mandatory o...

      By Ajay Dutta
      /
    • Ashamed of our cricket and bollywood stars

      Kapil Dev, Gawaskar, Sehwag from cricket and the video teacher below Shahrukh Khan, Ajay Dewgan, Akshay Kumar and even Amitabh Bachchan are all doing pan masala ads teaching the next generation how...

      By Shweta Kotharii
      /
    • Tax BCCI

      Govt will establish fresh regulations and ways to impose additional tax on existing taxpayers but won't amend laws to include BCCI in the tax bracket, one of the World's richest sports body that ge...

      By Shailesh Deshmukh
      /
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.)