“It has come to notice of the government that in many places the same people are coming back again and again and we have also received reports that certain unscrupulous elements who are trying to convert black money into white have organised groups of innocent people and are sending them from one branch to another branch to exchange notes and get Rs 4500,” Economic Affairs Secretary Shaktikanta Das told reporters.
“As a result what is happening is that the benefit of withdrawal of cash is getting restricted to smaller number of people…to prevent such kind of misuse, the branches of banks to take recourse to use of indelible ink marks for disbursement of cash,” he said.
This would prevent certain syndicates and certain kind of people coming to branch again and again, he said.
Sourced from agencies, feature image courtesy: tech.firstpost.com
