India

Thanks to Modi Govt. one can neither withdraw nor deposit his own money now: Congress

Thanks to Modi Govt. one can neither withdraw nor deposit his own money now: Congress

New Delhi: Coming down heavily on the Centre over the burning issue of demonetisation, the Congress on Tuesday said the rules related to the move have changed over a 100 times since the major step was taken and over a 100 people have died, but it seems to have made no difference to the government which continues to remain unashamed of the inconvenience it has caused across the nation.

“We want to ask Modi ji that he had said on November 8 that people can deposit money in their accounts till December 30 and in the Reserve Bank of India (RBI) till March 21, 2017, so why has he betrayed the people now? Till today, rules related to demonetisation have changed 125 times. More than 100 people have died. Still the government is not ashamed of itself,” Congress leader Randeep Surjewala told ANI.

Miffed with the fact that a person can neither withdraw his money, nor deposit, Surjewala said only Modi government could lead to such bankruptcy.

Commenting on the recent development announced by the Reserve Bank of India stating that deposits exceeding of old Rs. 500 and Rs. 1000 notes exceeding Rs. 5000 shall be made only once per account till December 30 but after a satisfactory explanation, Surjewala said that even the banks are going to look like police stations asking questions to one about his own money.

“Modi government has led to twin surgical strike on India’s workers, labourers and the common man. On the one hand, the interest rate of Employees’ Provident Fund (EPF) has been reduced from 8.8% to 8.65% & on the other hand, in a (Tughlaqi farmaan) has now put a cap of Rs. 5000 on one’s own deposits. Even when you will go to make deposit, the bank officer will question you like a police inspector and will ask you the source of the money,” he said.

Striking the same chord of objection over Prime Minister Modi’s absence in parliament, Surjewala asked the former to show some courage.

“In spite of 300 members of parliament, Modi ji is shying away from having a discussion on demonetisation scam and its investigation. He has time to attend rock concerts, to put allegations in rallies, but does not have the courage to respond in parliament. Modi ji, show some courage and stop insulting democracy,” he said.

“The truth of deceit will be revealed only after the investigation of the demonetisation scam. Modi ji, the entire nation knows that your intentions are black,” he added.

The Reserve Bank of India (RBI) on Monday announced that deposits of old Rs. 500 and Rs. 1,000 notes exceeding Rs. 5000 shall be made only once per account until December 30 but after a satisfactory explanation.

Tenders of Specified Bank Notes (SBNs) in excess of Rs. 5000 into a bank account will be received for credit only once during the remaining period till December 30, 2016. The credit in such cases shall be afforded only after questioning the tenderer, on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier and receiving a satisfactory explanation.

ANI