2. A SIMPLE SUGGESTION TO CONTROL
A.
B.
C.
D.
Corruption
Black Money
Fake Money
Theft
 Implement the rule of Rs.20000 Transaction Limit for
currency exchange in a day by a customer in all Banks
 Withdraw 500 Rupee note and 1000 Rupee Note
 Issue smart cash card for 5000,10000,20000,50000,and one
lakh
 Implement RuPya Credit card for all the nation with a
Minimum Credit (Rs.5000/-)guaranty by Government of INDIA
for the people linked with a Bank account
 All the shops and establishments should implement smart
cash reading system and Credit /Debit Card readers
 All the business establishments/ over limit money
transaction required personals should have an account with
any bank

3. RS.20000 TRANSACTION LIMIT
A common man does not require more than 20000/- Money
Transaction in a day
 Banks should not debit or credit cash more than 20000
 Above 20000 transactions shall be through Cheque , Smart Cash , or
account transfer
 ATM withdraw limit shall be 10000 per day
 Smart cash will be provided by each bank instead of paper cash
 RuPay Credit card shall be provided by all bank linked to one Bank
account.

4. WITHDRAW 500 & 1000 NOTES
A common man does not require heavy Money transactions in 500
and 1000 notes
 500 and 1000 Notes should withdraw in time limited manner
 Whoever have 500 and 1000 Notes in hand shall remit the money to
their respective bank account
 They can withdraw their money as electronic cash which will be
marked with their bank account number
 Smart cash denominations of 5000 ,10000,20000,50000 & 100000
shall be placed
 When an order of withdraw 500 and 1000 notes and deposit to the
bank ,all Black money ,Hawala money shall be accountable to any
Bank account.
 The banks are returning money as smart cash so that all money
transactions can be tracked
This action is expecting a huge protest from politicians ,Business
people , and black money handlers.

5. WHAT IS SMART CASH
Smart Cash is an electronic card which includes a rewritable chip
with embedded programs . Ex .prepaid card ,Gift card etc
 RBI should control the issue of new smart cash cards like paper notes
 RBI can affix their emblem and coding to protect from fake money
manufacturing.
 Banks has the power to rewrite the card and recharge the money
from respective accounts
 Smart cash readers will handle the debit and credit to the smart cash
cards.
 Smart Cash card reader shall also controlled by RBI to ensure the
security and information
 Smart cash reader transaction shall be coded to removable flash card
and the same card has to submit to the bank for updating to their
bank account.
 No online activity is required for smart cash reader transactions.

6. SMART CASH CARD- A SAMPLE TRANSACTION
 RBI shall issue the smart cash card to the banks
 Banks shall issue the Smart Cash card to the customers based on the
denominations the customer is looking for.
 When bank is issuing 5000 cash card to a client their bank account
will be coded to the cash card.
 Rs.5000 will be deducted from their respective account by the bank
 when the customer purchase or transact an amount 500 through a
smart cash reader 500 will be reduced by smart cash reader by giving
transaction slip and electronically write to the smart cash.
 The reader will add 500 to the readers flash card which will later
update to the respective reader bank account by submitting the flash
card to the bank
 The reader also can be online with the bank account for immediate
transaction update.
 If the customer wants to pay balance 4500 to one of his friend he can
give that cash card to his friend.
 His friend needs purchase he can do the purchase with the same
card.
 He wants his money bank ,he can submit the card to bank and
Thistransferour views identity to his account number. to build up a good system
all are the card . You may add your suggestions

7. ISSUE OF RUPAY CREDIT CARD
 RBI should give instructions to all banks to issue RuPay credit card
 Government will back a minimum guaranty for the card.
 This will enable the people to get a immediate financial support in an
emergency
 This will bring people to bank for opening an account.
 This card also can be linked with medical insurance scheme of
government
 A strict monitor on “ one person one card”
 This will strengthen INDIAN economy.
Please read more about RuPay http://en.wikipedia.org/wiki/RuPay
Why INDIANS’ promote VISA , MASTERCARD Etc…?

8. SOME SUGGESTION ON TAX TO ATTRACT






No Income tax – below 10 Lakh
5% Income tax 10-50 Lakh
10% Income tax below 2 core
15 % Income Tax below 10 core.
20% below 100 Core
25 % more than 100 Core
Implement common tax code.