Demonetisation: No Plan To Seal Bank Lockers Or Confiscate Jewellery, Clarifies Finance Ministry
- TEAM PT
Demonetisation: No Plan To Seal Bank Lockers Or Confiscate Jewellery, Clarifies Finance Ministry



Scotching rumours, the Finance Ministry said on Friday there is no move to seal bank lockers and neither it is true that the ink of the new Rs 2,000 notes has been bleeding in some cases.

"Myth: Next move is to seal bank lockers and confiscate gold, diamonds and jewellery. Reality: This is baseless. There is no proposal to seal bank lockers and confiscate the jewellery,” the ministry tweeted in its official Twitter account.


The ministry also said the Rs 2,000 notes have a "intaglio” (a design that is incised or engraved into a material) safety feature.

"To identify a genuine note when you rub it against a cloth, a turbo-electric effect is generated, which and it is due to this that the note’s ink gets transferred on to the cloth,” the ministry said.

The ministry also denied allegations that some corporate houses and party people were already tipped off about government’s demonetisation move.

"All precautions were taken to keep the move confidential and nobody was aware about this move or its preparations,” said one of its tweets.






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