Bank vaults to go digital next?
After the sudden ban on high denomination notes, the latest rumour doing the rounds is “Digital lockers likely to replace bank locker keysâ€.
Among the many jokes and memes being forwarded on Modi Surgical Strikes, is the one below, and nobody is amused.
The forward:
Advance notice on 1 more MSS (modi surgical strike). Now let’s talk about digital lockers — from a specific date you will not be able to operate your bank locker with your keys. It can be opened only digitally in the presence of a government revenue officer. Any jewellery found without substantial evidence only 600 gms will be allowed per ladies member substantial through ration card. Balance for all jewellery and gold bars diamond n other materials valid bills will be required. Otherwise valuation will be compounded 3 times and taxes will be paid accordingly.
Senior banking officials have since denied any such move, with one SBI officer saying they hadn’t heard about “any such thing from the government”.
Ajay Gandhi, a senior accountant from the city, adds that the move is simply not possible to execute. “Just like that news about the microchip being inserted into notes, they're all hoaxes of the same kind. I my view, there’s no chance that it could happen,” he says.