11-08-2016, 08:15 PM
But what if you just really hate banks and keep a lot of money? Also, am I right in my knowledge that lakh is 100,000 and crore is 10,000,000? In that case, one lakh is just over 2.5K USD. I can imagine someone - higher-income people, yes, but still - having much more than that in a safe or something. Surely there must be better ways of fighting black money than straight-up wiping out people's reserves? Yes, people with black money would lose it, but this affects everyone else as well...