Allowing Indian Citizens with Old currency notes to get its value
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Since the ban on old currency notes on 08 Nov 2016 in India, these have been found in various house holds even after the last date of deposit in the banks. This is hard earned money of the citizens which means a lot specially for the average middle and lower income class people.
The least govt can do is that the banks and post offices accept the currency (up a reasonable limit eg Rs 50000) and Aadhaar number from the individuals. They credit this amount to the individual's Aadhar linked account. In order to ensure that the facility is not misused, only a small amount (eg Rs 1000) be made available for spending/withdrawl per month. Also the deposit would not earn any interest. This ways it is used by the genuine citizens and their hard earned money is not wasted .
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