The nation is seeing the Old currency note ban and replaced new currency notes for the said denominations. The whole scenario has been named as Demonetization and it is the national activity now. The government has asked the peoples to deposit their money to the bank account to save their denominations in the old currency and as a result of it, banks are seeing the rise in the account balance of the account holders.
It is interesting to see that those bank accounts which haven't got a penny deposited in past two years are now seeing a regular deposit or the account balance of the amount which can amaze. The government and finance ministry is keeping a close look on the scenario to catch the black money owners.
But banks have denied the idea of predicting money as being white or black seeing the account balance of the account holder. In a talk with the Bandhan Bank MD & CEO Chandra Shekhar Ghosh said, if asked by the government we can share the bank records now to decide upon them requires further investigation as for banks money is money they can't say it is white or black.
Let's see how the things will be unfolding in the present scenario. The government is trying to make people believe that everything was well planned and for better tomorrow. When that better tomorrow will come and how better it would be we need to see in the coming time.
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