Black to White Conversion Indian Jugaad
The aim of demonetisation to curb black money is being defeated by Indian brains with jugaad methods, some of which are listed below:
1. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of bank employees.
2. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of employees of Agencies hired by banks to fill cash in ATMs. This is causing ATMs to run out of cash.
3. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of RBI employees.
4. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of employees of Printing Press where notes are being printed.
5. There is mad rush at Banks to open new accounts to deposit up to 250000 rupees. Government/RBI needs to ask banks to provide data on new accounts opened between November 8 and December 30, 2016 and amount deposited in such accounts.
6. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Railway employees.
7. Deposit in Jan Dhan Accounts.
8. Deposit in accounts of employees e.g. Drivers, maid servants etc.
9. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Hawala Operators.
10. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Jewellers & Builders.
With restrictions on withdrawal of new currency notes from ATM and bank branches it is surprising how certain persons have managed to get hold of crores of new 2000 notes. Some of these people are caught by Authorities but rest have got away. It appears that intelligent Indians are always one step ahead and devise various Jugaads to beat the system. more
1. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of bank employees.
2. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of employees of Agencies hired by banks to fill cash in ATMs. This is causing ATMs to run out of cash.
3. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of RBI employees.
4. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of employees of Printing Press where notes are being printed.
5. There is mad rush at Banks to open new accounts to deposit up to 250000 rupees. Government/RBI needs to ask banks to provide data on new accounts opened between November 8 and December 30, 2016 and amount deposited in such accounts.
6. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Railway employees.
7. Deposit in Jan Dhan Accounts.
8. Deposit in accounts of employees e.g. Drivers, maid servants etc.
9. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Hawala Operators.
10. Convert old 500 & 1000 rupee notes to new 2000 notes with the help of Jewellers & Builders.
With restrictions on withdrawal of new currency notes from ATM and bank branches it is surprising how certain persons have managed to get hold of crores of new 2000 notes. Some of these people are caught by Authorities but rest have got away. It appears that intelligent Indians are always one step ahead and devise various Jugaads to beat the system. more
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View all 53 comments Below 53 comments
At the least, action taken on corrupt bank officials to be released to press and media so that others do not indulge in the same fraud. Such corrupt employees photos and penalty action taken, to be displayed at banks. more
Dec 30
The perpetrators must be given exemplary punishment within framework of law without any considerations. more
Dec 30
Bank staff who were involved in Converting Black to white should be black listed, so that they don't get job in Financial sector or Govt jobs more
Dec 24
I saw a Saturday (CHOR) bazar in surat. What ever we want we get it at aprice. very planned and useful . long live innovators. be aware of pickpockets. more
Dec 22
