Although I don't have to prove anything to anybody but I guess I will post the photograph of those long queues outside the banks tomorrow. When I say long it means very very long queues. I guess most of you NRI people are from posh areas and therefore don't know the ground realities.There is no such "right time" for such measures. Can't do before Diwali and Christmas it's festival season. Even May to July is marriage season. Feb to April are exam times for University-colleges-schools.
What you can do is withdraw 10k cash, plus 2k from ATM and 4k from exchange if you are really desperate for money. Now this is just one person, you can do this with say your father's and sisters account which is total 48k for 3 person. Now because it is marriage time means you can easily ask for your relatives too and since it's Indian family you have a huge list of people Willing to do that for you.
Now even if we consider 48k for a day, it's almost 1.5 lakh in 3 day.
Hope you get my point.
Sent from my XT1068 using Tapatalk
Cousins are saying they'll do the kanya daan with paytmThere is no such "right time" for such measures. Can't do before Diwali and Christmas it's festival season. Even May to July is marriage season. Feb to April are exam times for University-colleges-schools.
What you can do is withdraw 10k cash, plus 2k from ATM and 4k from exchange if you are really desperate for money. Now this is just one person, you can do this with say your father's and sisters account which is total 48k for 3 person. Now because it is marriage time means you can easily ask for your relatives too and since it's Indian family you have a huge list of people Willing to do that for you.
Now even if we consider 48k for a day, it's almost 1.5 lakh in 3 day.
Hope you get my point.
Sent from my XT1068 using Tapatalk
They are accepting cheques but there are other difficulties like-Banks are not accepting cheques is it?
Go to State Bank of India or Other Indian banks as they have branches in Dubai.Bro
I have 12000 and i am in Dubai
How can I get these notes changed???????????
Still better than our jawan getting injured or worse dying in kashmir by distributed fake money.They hire the rickshaw walas or other poor people with loads of time for hundred or two hundred bucks a day and make them stand in line. These people exchange money from 3 to 4 banks. 4 times 4 =16 so one guy make 16k white money a day and they hire 10 to 20 of these guy. So in a day they can easily make 16×20 = 320000 and 50 days they will have 320000 × 50 = 16000000.
It means they can easily make 1.6 crore of white money in this time. What's the cut for these people? It's around 25 to 30 percent.
Help me out then..............Still better than our jawan getting injured or worse dying in kashmir by distributed fake money.
Modi calculated everything, risk must be too high with all these fake money coming from pakistan.
From my experience I can tell that nobody knew about this. My friend had three food stalls at different places recently where rush is high and mostly rich ppl visit. We were being paid in 500s and 1000s heavily, so we have to bring bundle of notes of 10, 20, 50 and 100 every two days, and it was easily available.
I have an account in sbiGo to State Bank of India or Other Indian banks as they have branches in Dubai.
709-710, Level 7, Gate Precinct Buildings 3، Dubai International Financial Centre - Dubai - United Arab Emirates
Call them before going and ask if they have already got new Currency.
Regards.
I just read overseas Indian banks are not able to swap the new currency.I have an account in sbi
Will deposit 8k and get 4k exchanged.
Thanks
And one more thing
Can one exchange 4000 per day or for once only
It's 4k per bank outlet and post office (even banks where you don't have an account). In your home branch, there is no 4k limit.Bro
Can one exchange 4000 per day or for once only
I think we can accept both the mutually exclusive facts that this is a stellar move with a lot of positive benefits AND that it is causing us inconvenience in the short term. It's not an "either this or that" thing. I am seeing people on social media trying to portray it as either all good or all bad. It's positive, though it might not feel pleasant, at the current moment.I agree with your timing point bro but they should have atleast made money available in abundance. I can't withdraw money from my account when I need it the most. It's frustrating to stand in long queues......
Well it's not much of a problemI just read overseas Indian banks are not able to swap the new currency.
http://www.bbc.com/news/business-37938925
Read the link may be this can help. I hope overseas Indian banks will get new currency.
Well it's not much of a problem
I will return next Sunday
I don't know man but people have again started the committee or camatey in desi.It's 4k per bank outlet and post office (even banks where you don't have an account). In your home branch, there is no 4k limit.
I think we can accept both the mutually exclusive facts that this is a stellar move with a lot of positive benefits AND that it is causing us inconvenience in the short term. It's not an either or thing. I am seeing people on social media trying to portray it as either all good or all bad. It's positive, though it might not feel pleasant, at the current moment.
RE : It means they can easily make 1.6 crore of white money in this time. What's the cut for these people? It's around 25 to 30 percent.
Wrong.
Just exchanging old currency for new currency is not the same as converting black money into white money. It's still black since it is not declared to the tax authorities and they are still susceptible to the same IT raids which were susceptible to, when they had the old cash. It's just that, instead of letting 100% of their money go to waste, they are using this trick to save at least 70% of their black money, it's still black and risky for them to store. They still face the IT axe of disproportionate assets inquiry.
Not surprising, Indians are known for such drama. I've seen people protest even when the government makes free polio drives, people also protested 'computerization' in the 2000s claiming that automation will take away human jobs (now the same aunties and uncles proudly say "humra bitwa computer engineering karat hai babuva").I don't know man but people have again started the committee or camatey in desi.
For all I know committee is black money.
Fun news- All the Baniya community in my area will protest against this decision of demonetisation
Yeah that's what I am thinking
Sure you can come back and exchange it here.
But I have a qweshun. Would it be legal to carry the old 500s and 1000s considering that they are no longer legal tender??
Is it now just considered as just piece of paper (not exactly true, considering you can exchange it) or as counterfeit/illegal notes being smuggled in?
How long is the amnesty wrt to old 500s and 1000s for air travel? I think till Nov 11th???
Bomb the baniyas it department raids......................................I don't know man but people have again started the committee or camatey in desi.
For all I know committee is black money.
Fun news- All the Baniya community in my area will protest against this decision of demonetisation
Shops already raided by ITBomb the baniyas it department raids......................................
This is actually funny mate. Even I am confused. In queues people are fighting, some of them support the decision and some of them are opposing it. All in all it's a mixed review but all I see in the news are positive reviews mostly.Here local news channel showing, ppl not just happy but celebrating with family after withdrawing some 4K money.
Thread starter | Similar threads | Forum | Replies | Date |
---|---|---|---|---|
500 Years of European Colonialism | Europe and Russia | 3 | ||
W | Adani PLR system deliver 500 Masada made in India pistol to Indian navy | Indian Navy | 0 | |
W | 500 armed robots to Indian army | Indian Army | 0 | |
W | India may become the first buyer of S-500 anti-aircraft missile system | Strategic Forces | 1 |