In the wake of fixing rules for keeping old Rs. 500 and Rs. 1,000 notes, Finance Minister Arun Jaitley on Monday night said no inquiries will be inquired as to whether any measure of the trashed coin is kept in one go yet rehashed stores may raise questions.
With about Rs. 13 lakh crore out of the Rs. 15.4 lakh crore worth of Rs. 500 and Rs. 1,000 trashed as of now stored in banks, the legislature has changed tenets to command that people can store over Rs. 5,000 in old cash charges just once until December 30 and that as well subsequent to clarifying why it had not been done as such far. Clarifying the method of reasoning behind the move, the fund serve said all exceptions to specific segments and utilities, which had been permitted to acknowledge the banned cash post-demonetisation, finished a week ago and each one of those possessing the old notes should store them with banks.
"Any individual who has old cash notes is not permitted to exchange them. He can just run and store them with banks," he said.
With a view to reducing lines at banks, holders are urged to store the whole holding in one go, as opposed to going over and over.
"On the off chance that they run and store with bank any measure of cash no inquiries will be asked to them and along these lines the 5000 rupee restrict does not make a difference to them on the off chance that they go and store it once."
"Yet, in the event that they will go ordinary and store some coin, same individual, that offers ascend to doubt that where is he securing this cash from. In that occasion, a man may have something to stress over. Subsequently, everybody has prompted whatever old coin you have please go and store it now," Mr. Jaitley said.
Since there is no degree now to earn any old coin since the sum total of what exclusions have been postponed, it bodes well to go store all the holding in one go, Mr. Jaitley additionally said.
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