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Unable to deposit demonetised currency in RBI, 1,000s to approach Supreme Court

By Vicky
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    At least 1,000 people are readying to knock on the doors of the Supreme Court after the RBI turned down their request to deposit demonetised currency on Friday. March 31 was the last date to deposit the old notes in the RBI, but nine out of 10 people failed to do so.

    Unable to deposit demonetised currency in RBI

    There was chaos and confusion all day long at the RBI offices, especially the one in Delhi. People lost their cool several times and aged citizens were seen moving around helplessly. People complained that the RBI staff were not cooperative. One person even shouted back at an RBI staff, "Mind your language, you are here to serve the people."

    Several persons of Indian origin who were abroad during the demonetisation period of November and December were left in the lurch. Some had not followed the mandatory rule of getting a letter of approval from the customs. Others who were abroad had found old currency at their homes upon their arrival. These persons had the hardest time as the RBI demanded that they needed a customs approval for the same. Going back to the customs was not an option for them.

    Most of the people have now decided to go to court and seek relief. They argued that the money they had was legal. One aged person holding old notes worth Rs 3,500 wept and said that the money was legal. The only option he has now is to join the rest in court.

    The Supreme Court is already seized off a matter in this regard. A batch of petitions has been filed seeking an extension to deposit old currency. The main contention, however, is that the despite the PM saying in his speech on November 8 that old notes could be deposited by March 31 in the RBI, the same was not permitted.

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