The businessman would deposit money with the banker and then take back 80% of the money after some time with the balance 20% remaining with the banker as a facilitation fee.
While the country is still grappling with this new problem of Rs 1000 and Rs 500 notes being banned, the really resourceful and imaginative businessmen have already planned their moves. Bankers in the Fort area of Mumbai, India’s financial capital, have confirmed receiving calls for converting old currency with new one in due course, with a nice cut for them thrown in.
In the calls made to the bankers, a flat twenty per cent cut was offered to a banker who did not wish to be named for getting the notes exchanged in due course.
The modus operandi: The businessman would deposit money with the banker and then take back 80% of the money after some time with the balance 20% remaining with the banker as a facilitation fee.
Though, Rs 1,000 notes have ceased to be legal tender, enterprising businessmen in Mumbai’s Zaveri Bazar and Delhi’s Kucha Mahajani at Chandni Chowk are offering to exchange these notes with Rs 500 to Rs 600 in return. The balance would remain as the cut for these “service providers”.
No comments:
Post a Comment