December 20, 2016
The Banner by Govt. of India at a Petrol Pump in Jalandhar ( with P.M. 's Pic and Ashokan Pillar Govt. Insignia - )- Satyamev Jayate - meaning Truth Alone Prevails )
It states in Punjabi - Jadal Bazi Kyon ?
( Meaning : Why Hurry ? )
( In Punjabi : Mera Paisa Surakshit Hai )
( Meaning : MY MONEY IS SAFE )
Up till 30 th December ,2016 , any One Can Deposit his Old Rs. 500 and Rs. 1000 Notes Up to Rs. 2,50,000 in His Bank/ Post Office Account.
Only present your ID proof
Now , suddenly limit capped at Rs. 5000
We have to Explain WHY WE DID NOT DEPOSIT EARLIER ?
It was a Sovereign Guarantee / Promise by the PM / Govt. of India
Now :- U Turn
Earlier , Big Banners were put up in Jalandhar that public should not rush to Banks / Post Offices for deposit of old Notes
Uptill 30 th December 2016 up to Rs.2 Lakh 50,000 these would be accepted without any question , Govt. solemnly promised.
Now , the latest is that there is a cap of Rs.5000 old notes per a/c even before 30/12/2016.
If you deposit more than Rs.5000 old notes please explain your reasons for delay for deposit.
Govt. has demonetised its own promises.