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Demonetisation: A ready reckoner
Demonetisation: A ready reckoner
Written By
Wion Web Desk
Published:
Nov 22, 2016, 02:58 IST
| Updated:
Nov 22, 2016, 02:58 IST
Here are a few facts to bear in mind before you head to a bank or an ATM machine to withdraw or exchange your money. Saurabh Goenka reports
1 / 6
With the announcement of demonetisation, people are rallying in front of banks to exchange their old currency.
2 / 6
The government extended the use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees etc.
3 / 6
The government has laid down limits on the amount of money that can be withdrawn from banks, ATMs to ease liquidity crunch in the Indian economy.
4 / 6
With the on-going marriage season in India, government has announced some special provisions to ease withdrawal of money for the bride and groom.
5 / 6
The central government employees have received some reprieve from the government under the ongoing liquidity crunch due to demonetisation.
6 / 6
The government has introduced section 270A in the Income Tax Act to on black money to met out harsher punishments to perpetrators.