Kumata
Senior Member
- Joined
- Feb 27, 2019
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Not sure if you are being sarcastic but you will get flagged with income tax guys but if genuine nothing to fear. Apparetly, Bankers are required to report large cash withdrawls to IT ....Yes , very intelligent thing to do nowadays without getting flagged.
Not something a common man would do considering the widespread of digital transaction.
Once these notes are out they never return to bank and hence the volume in the bank will keep on depleting.
rest agree... Once these notes are out and hoarded . they do not return . will spend rest of their life in trunk or suitcase..