Black Money for Android
The central bank said that the notes can be exchanged for their full value. RBI also clarified that all pre-2005 notes continue to remain legal tender.
The rationale behind the move to withdraw banknotes printed prior to 2005 is to remove them from the market because they have fewer security features compared with banknotes printed after 2005.
Explaining the move, RBI said the banknotes in Mahatma Gandhi series have now been in circulation for a decade.
A majority of old banknotes have been withdrawn through bank branches.
Over 164 crore pre-2005 currency notes of various denominations, including of Rs 1,000 were shredded in regional offices of Reserve Bank in 13-month period ending January. The face value of the shredded currency notes was around Rs 21,750 crore.
As many as 86.87 crore pieces of Rs 100, 56.19 crore pieces of Rs 500 and 21.75 crore pieces of Rs 1,000 were shredded. Black Money To White Should done very silently.
Disclaimer:- I don’t recommend readers to follow any of these methods for black money conversion. This article is just for exposing loop holes of our system. I am against black money and black money generation ideas.