Four Years Jail If You Have Old Currency
An ordinance has been declared by Union Cabinet today. If anyone holds the demonetised notes, They will be in jail for Four Years. PM took this decision to get old currency in banks as much as possible. The last date for exchanging the demonetised notes is 30th Dec 2016 in banks and 31st March 2017 at RBI banks with the declaration form. If anybody catches with junked notes. After the cut-off date, they will be imprison for four years or high as per the situation. Yesterday we heard that if anyone has old currency notes, they will penalized with 50,000.
PM Narendra Modi will address the nation on Dec 30th evening about this ordinance. The government is doing all possible ways to get the demonetised money in banks. After Pm speech on 8th Nov government has given time to exchange or deposit their money in bank and post offices. Most of the people have deposited their money in banks. So if anyone has a junked currency please handover them to nearest banks or you need to stay in Jail for Four years. If waste money found under finance conditions, They pay a penalty of worth 50,000.
All the Indians are looking forward to Prime Minister Narendra Modi’s speech On 30th Dec. Income tax officers are collecting the information of car buyers, Who bought a car after Nov 8th. In this way, India is fighting with wicked people all over. Most of the demonetised money in banks. The buzz is that this new may or may not apply for cabinet members.let’s wait for PM speech on 30th Dec.