What will happen to the old notes which will be taken back by the government?
What will happen to the old notes that are deposited to the banks?
When the Queen will pass away, what will happen to the coins and the bank notes printed under her name? Where does the money actually go if someone fails to deposit old Rs 500 or Rs 1000 notes to the bank before the 31st of December? What is the use of seized new notes? What if 95% or more of 500 & 1000 notes returns to banking system before 30 dec? What would happen if a very large number of people went to the bank to take back their deposits simultaneously? If a bank accidentally accepts fake notes then who bears the cost? RBI or bank? What's the use of seized new notes? In what circumstances do the central banks print money? What actually happens when I deposit money in the bank? What happens if citizens continue to use old 500 and 100 notes after Nov 9? We can still exchange those notes till Dec 30. In what circumstances central banks can print money? How can someone deposit old notes in nofrill account and how? Indian Political parties can deposit old currency notes, just it need to be under 20,000 per deposit, is this not how black money laundering works? How will the scrapping of currency notes help to unearth black money? How can we deposit new notes in SBI bank? What if RBI and banks would come up with a rule stating, we won't accept the currency notes if anything is written on top of it? If we are replacing old notes with newer notes (Rs 2000 and 500) in India, how is it going to help "going cashless"? How are deposits used by banks? Is it true that the new currency notes can't be counterfeited? How would indelible ink be helpful to stop repeated exchange of notes announced by government? How much of demonetized money, might not come back to the banking system? What would happen if someone makes a deposit of 10 million USD or more in his bank account without informing the bank? How do I exchange old currency notes after 30th December? Can RBI issue new notes out of thin air without exchange of something like gold? How does the Indian government issue currency notes? Can I deposit the old Rs500 notes in cash deposit machines from tommorow? How will scrapping notes of 500/1000 notes bring back the black money in Swiss banks to India? In the wake of recent rumours regarding cancellation of bank's license, what will happen to the accounts and deposits of people if it happens? In what basis are currency notes printed? Can money be deposited into a dormant account?