![]() | #2266 | |
BHPian Join Date: Feb 2008 Location: Bangalore
Posts: 63
Thanked: 30 Times
| ![]() For those with some old notes, there could be good news coming: Quote:
| |
![]() |
|
![]() | #2267 |
Senior - BHPian Join Date: Dec 2008 Location: Bangalore
Posts: 3,002
Thanked: 3,579 Times
| ![]() |
![]() |
![]() | #2268 | |
BHPian Join Date: Sep 2013 Location: bangalore
Posts: 124
Thanked: 118 Times
| ![]() Quote:
![]() | |
![]() |
![]() | #2269 |
BHPian Join Date: Feb 2008 Location: Bangalore
Posts: 63
Thanked: 30 Times
| ![]()
My guess is that they will allow deposit of these notes into your account, essentially no exchange. They may set upper limit on the amount you can deposit and may ask for some ID proof, possibly PAN. |
![]() |
![]() | #2270 |
Senior - BHPian ![]() Join Date: Mar 2011 Location: Mumbai
Posts: 1,128
Thanked: 1,044 Times
| ![]()
These were old Rs 500 notes, how could I deposit them ? |
![]() |
![]() | #2271 | ||
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
Posts: 7,939
Thanked: 4,689 Times
| ![]()
They were kosher for depositing in the bank till 30th December. It only after that date the restrictions come in. After some sturm und drang, the final version was that they continued to be Ok. Only, multiple deposits after 10th December or so were verboten. I would not bother for them to try unless they had Aadhar cards and/or PAN cards. Quote:
Demonetisation: People may get another chance to deposit Rs 500, Rs 1000 notes Quote:
Last edited by sgiitk : 26th January 2017 at 21:21. | ||
![]() |
![]() | #2272 |
Senior - BHPian ![]() Join Date: Nov 2011 Location: Bangalore
Posts: 1,152
Thanked: 2,145 Times
Infractions: 0/1 (5) | ![]()
Cars and houses are the biggest purchases, anywhere, a drop in sales signals a slowdown and the ripple effect of huge because they employ a large number in the unorganised sector. The stock market prices in future earnings and has plenty of volatility, including international events, something that 80 percent of the population isn't affected by. Retail investors are only 3% of the market(BTV today), so a stock market boom isn't really a ride that lifts all boats. |
![]() |
![]() | #2273 | |
Distinguished - BHPian ![]() ![]() Join Date: Apr 2005 Location: AU
Posts: 2,186
Thanked: 5,428 Times
| ![]() Quote:
Real estate prices should see a correction and that will help salaried people (To buy not sell ![]() Last edited by kiku007 : 27th January 2017 at 05:29. | |
![]() |
![]() | #2274 |
Senior - BHPian Join Date: Dec 2008 Location: Bangalore
Posts: 3,002
Thanked: 3,579 Times
| ![]()
Even in India? I would like to see some reference from which you are quoting this. It stretches imagination that automobiles and houses, which about 10-15% of the population owns (Census 2011), can be used as a broad economic performance metric as opposed to say, FMCG or food adjuncts. |
![]() |
![]() | #2275 |
BHPian Join Date: May 2008 Location: Bengaluru
Posts: 384
Thanked: 1,209 Times
| ![]() Any update on the new Rs. 2000 notes? Will these also be withdrawn from circulation in near future? With so much fake news floating around and Govt. not clarifying, for whatever reasons, is it advised to retain these notes? |
![]() |
![]() | #2276 |
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
Posts: 7,939
Thanked: 4,689 Times
| ![]() I will be surprised. It costs a lot of money. What may happen is that 1000 denomination may come, and 2000 may be allowed to die a natural death. |
![]() |
|
![]() | #2277 | |
BHPian Join Date: Apr 2010 Location: Delhi
Posts: 224
Thanked: 104 Times
| ![]() Quote:
Jokes apart, I would think everyone should be spooked enough to think that such a move is not impossible. If anything, it'll only help in earlier migration to cashless modes of transactions. | |
![]() |
![]() | #2278 |
BHPian ![]() Join Date: Aug 2014 Location: New Delhi
Posts: 220
Thanked: 304 Times
| ![]() As per TOI, The Reserve Bank of India on Monday (23/01/2017) announced that the limits placed on cash withdrawals from ATMs stand withdrawn from February 1, 2017. "On a review of the pace of remonetisation, it has been decided to partially restore status quo ante," RBI said adding, cash withdrawal limit from ATMs stands withdrawn from February 1, 2017. At present, the daily limit on cash withdrawals from ATMs is Rs 10,000. The limits placed on cash withdrawals from current accounts/ cash credit accounts/ overdraft accounts also stand withdrawn with immediate effect, the RBI has said. However, restrictions on withdrawal of Rs 24,000 a week from savings bank account will continue for now. http://timesofindia.indiatimes.com/i...w/56873687.cms |
![]() |
![]() | #2279 | |
BHPian Join Date: Sep 2013 Location: bangalore
Posts: 124
Thanked: 118 Times
| ![]() Quote:
| |
![]() |
![]() | #2280 |
Senior - BHPian Join Date: Jun 2014 Location: Bangalore
Posts: 1,430
Thanked: 1,039 Times
| ![]() |
![]() |
![]() |