After banned of 500 and 1000 old notes now RBI has also banned on PMJDY(Pradhan Mantri Jan-Dhan Yojana) account holder on cash withdrawal action .RBI has launched his new notification that account holders of Pradhan Mantri Jan Dhan Yojana can only withdrawal of Rs 10000 in month from Jan Dhan account .
This notification applies to know your customer – complaint Pradhan Mantri Jan Dhan Yojana.
The Region behind new notification is that;
Account holders can withdrawal 10,000 in a month where Limited or non KYC complaint pmjdy account holders can only withdrawal rs5000.
RBI has also said that if any one need more amount more than 10000 then they have to submit all necessary documents and also give proper region to bank manager for money limit exceeds and if manger done ok then he or she can withdrawal more than 100000.
RBI has also announced new notifications and rules of tax on unaccount cash holder.
Government has given open opportunity to deposit unaccount cash on bank or black money holders a one time window to pay total tax of 50%including surcharge and penalty from 10nov to 30 Dec. This tax will be included under Pradhan Mantri Garib Kalyan Yojana 2016.
If during Government period and by yourself you are showing your black money to government in bank then tax man will be less either on conseal or caught tax ammount will be higher like 85% on your concealed income 60% tax plus 15%surcharge and 10%penalty these are announced by finance minister Arun Jaitley in act I-TAct.
Over all these all charges and penalty black money.and these all tax cash will be expanded on poor people of country and for their benefit like irrigation,education etc.