Again a Shocking News from Central Government about 500 rupees and 1000 rupees Notes

As we know Central gave a shock by banning 500, 1000 rupees Notes which are in use  up to November 8^th 2016 and now again central government planning to give a shock, preparing ordinance according to this ordinance if people have 500, 1000 rupees banned notes more that 10,000rs records as crime. If the amount is more than 10,000. Fifty Thousand fine will be charged and if the amount was collected by the officers 5 times fine will be charged to the collected amount. In Special Cases, those cases will deal in front of Magistrate fine will be issued. By the grace period 30^th December all the banned notes should return to the Reserve Bank of India. Central Government is planning to release this ordinance by this 30^th December 2016.  

According to 80% of running currency 15.44 Lakh Crores are there, By December 13^th about 12.44 Crores deposited to the banks. Economic experts saying that by December 30^th, 13 to 13.5 Lakh Crores deposits will be deposited to the Reserve Bank of India. TO deposit all the Banned Notes to the Reserve Bank OF India is 30th December of this Month.