It is always said that old is gold. That’s why some people like to collect old things like antique pieces, senior currency notes, old cassettes etc. The saying seems to be true if you look upon the worth of the old money, now. The money that is no longer in use can fetch you thousands if you sell them wisely. So if you are an old currency collector or anyone in your family has rare old notes, this article is for you. In this article, we will tell you how you can get a good deal by selling the unique old ten Rupees currency notes.
How much money can you get by selling old Ten Rupees notes?
You will be amazed to know that the old ten Rupees note, which could buy you goods worth only ten Rupees, can help you in earning twenty-five thousand rupees, now. An online platform allows you to sell Old ten Rupees notes and get in return Twenty Five thousand rupees.
Where can you sell these old ten Rupees notes to earn thousands?
There is an online platform called ‘Coin Bazaar’, which allows you to sell your old unique notes and get in return thousands of rupees. This means you can earn a good amount of money sitting at your home if you have a special old Ten Rupees note with you.
What features must be there in ten Rupees notes to get a good deal?
The platform ‘Coin Bazaar’ mentions some features that must be present in your old ten Rupees note if you want to get money. Below are these features:
- The first requirement is that it must have the image of the Ashoka pillar on one side. On the other side, it must have a printed boat.
- The second requirement is that ten Rupees should be there in the written form on the note on both sides in English.
- The note must contain the signature of 1943 RBI Governor CD Deshmukh. This will ensure that the message was printed in 1943 under British rule.
If your old ten Rupees note fulfils all these criteria, then go ahead and get thousands of rupees by selling your message on ‘Coin Bazaar’ because this platform hosts various people who want to have rare old coins and notes.
How to use Coin Bazaar to sell your rare note?
Once you have ensured that your note is unique and fulfils all the requirements, the next step is to sell it on Coin Bazaar by following these steps:
- Open the official website of Coin Bazaar, i.e. www.coinbazaar.com
- There you will see a registration option. Click on that option, and you can register yourself as a seller of unique notes.
- Then, you have to upload a picture of your rare ten Rupees note. Make sure that the image is clear to get a good deal.
- You have done your part. Now, Coin Bazaar will show your special note to different users who want to buy old notes and currencies.
- Just wait for the call of any interested buyer. If you find a good deal, you can sell the note and earn money.
Other opportunities to earn from old notes:
Besides ten Rupees notes, you can also sell five rupees notes and get Rs. 30k from the platform. So, if you have an old unique five rupees note at your home, sell it on ‘coin bazaar’. Just make sure that this five rupees note contains a picture of a tractor. If you find that your five rupees note, issued by the RBI, includes the ‘786’ number, then you can fetch more money.
Other prominent sites that you can use to sell your old and rare currency notes are Collectables and Antique.
In this lockdown, people are looking for alternatives to earn money. This platform can become a potential source of earning if you have old and rare notes. Once you have ensured that your old notes contain the mentioned unique features, follow the above steps. After that, you can easily fetch thousands of rupees at your home. Make sure to compare the prices on the three websites to get the best deal.
Banks To Be Closed From Tomorrow For 6 Days
Why are banks going to be closed?
The Reserve Bank of India has announced special times of year for moneylenders under three sections: the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts. All banks to be closed from tomorrow for 6 days, including the public area, private area, foreign banks, agreeable banks, and regional banks, the nation overstay shut on these told occasions. The bank occasions differ, starting with one state then onto the next.
Every one of the banks stays shut on Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25). Banks likewise stay shut on celebrations including Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday.
When Will, The Banks, Stay Closed?
Banks have 15 holidays in July; All banks will stay closed on July 16th in Dehradun for Harela Puja. Banks will remain closed on 17th July in Agartala and Shillong for U Tirot Sing Day and Kharchi Puja. July 18th is Sunday which is a national holiday for all Banks. Banks will remain closed on 19th July in Gangtok for Guru Rinpoche’s Thungkar Tschechu. July 20th marks Bakrid, so all Banks in Jammu, Kochi, Srinagar, Thiruvananthapuram will be closed for that occasion, and there will be a national holiday on 21st for Eid Al Adha. Still, the banks in Bhubaneswar, Gangtok, Kochi, and Thiruvananthapuram will be functional on that day.
What to do?
If you are a bank customer, please keep visiting your bank for a proper routine and get any urgent work done before these mentioned holidays.
List of Dates
- 16 July 2021- Friday – Harela Puja (Dehradun)
- 17 July 2021 – Saturday – U Tirot Sing Day / Kharchi Puja (Agartala, Shillong)
- 18 July 2021 – Sunday (Weekend off)
- 19 July 2021 – Monday – Guru Rinpoche’s Trungkar Tshechu (Gangtok)
- 20 July 2021 – Tuesday – Bakrid (Jammu, Kochi, Srinagar, Thiruvananthapuram)
- 21 July 2021 – Wednesday – Eid al Adha (Nation-wide except for Aizawl, Bhubaneswar, Gangtok, Kochi, and Thiruvananthapuram)
If you have any future work at the bank, here is a notice for you as banks to be closed from tomorrow for 6 days beginning one week from now because of the moving toward celebrations. According to the Reserve Bank of India (RBI) occasion schedule list, every nine occasions is a state-explicit occasion for various events. Consequently, on the off chance that you have significant bank-related work in July, this news article should have indeed helped you identify these holidays.
Will The Ban on Mastercard by RBI affect existing Indian Customers?
What has happened?
The R.B.I has banned Mastercard Asia and Pacific Pte. Ltd. from getting new customers into their company in India. Will the ban on Mastercard by RBI affect existing Indian customers? The ban has happened because Mastercard Asia, Pacific Pte Ltd have not accepted the terms and conditions of foreign card companies to store payment data in India.
The ban will take effect from the 22nd of July. The regulator of R.B.I said that “The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021. Notwithstanding the lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data.”
What will banks do now?
Being a reputed payment system operator, Mastercard was authorized to issue cards for payment in India under the Payment and Settlement Act System. But as of now, R.B.I has banned the production of credit, debit, or prepaid cards from Mastercard to new customers, from the 22nd of July. Banks will not be able to issue new mastercards from now on. R.B.I also added that “Mastercard shall advise all card issuing banks and non-banks to conform to these directions.”
As the order was issued, RBL Banks Said, “We await further information from Mastercard on RBI’s supervisory action. RBL Bank currently issues credit cards on the Mastercard network only.”
Will This Affect Existing Customers of Mastercard?
India has millions of Mastercard’s credit and debit card users. So, the ban on mastercard by RBI affect existing Indian customers.
According to the data released by PPRO, London Based Payments, Mastercard was held accountable for over 30% of total transactions done in India. So, if you are an existing customer of Mastercard in India, you don’t have to worry as this new regulation will not affect the existing customers, The regulator of R.B.I earlier mentioned that “This order will not impact existing customers of Mastercard.”, So if you own a Mastercard Credit, Debit or Prepaid card, you can use it without any hassle.
What is the R.B.I’s Payment Data Storage Rule?
In 2018, R.B.I.’s regulator issued a notice that “All system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India.”
It affected tech giants like Google, Paytm, Whatsapp, who used to store data in cloud-based storage outside India. The Bank further stated that “This data should include the full end-to-end transaction details or information collected or carried or processed as part of the message or payment instruction.”
RBI gave a half year time to guarantee new installment information stockpiling standards. The organizations were approached to report consistency and present a review report inside the course of events. Even after two years, a few unfamiliar organizations are yet to follow RBI information localization rules.
Critical judgment on Cash Deposits by Housewives Up to Rs 2.5 Lakh
Tax is an essential source of revenue for the government. But to avoid the exploitation of poor people due to high taxes, we have several laws providing certain exemptions to specific people. But still, there remains some ambiguity in his rules due to which the court and tribunals have to intervene and clarify particular provisions. Along the same row, the ITAT (Agra bench of Income Tax Appellate Tribunal (ITAT) has recently held that if a housewife makes a cash deposit of Rs. 2.5 lakhs after demonetization, it will not come under the purview of Income Tax. So, in this article, we will tell you all the details of this critical judgment on cash deposits by housewives up-to Rs.2.5 lakh..
What was the case, and what did the Tribunal hold?
Recently, a housewife named Uma Agarwal, a resident of Gwalior, appealed in the Agra bench of Income Tax Appellate Tribunal. She had a total income of Rs 1,30,810 in her income tax return filed for fiscal 2016-17. After demonetization, she deposited Rs 2,11,500 cash in her bank account. But the Income-tax department asked her how she got this much money in her account, to which she explained that she saved this amount from the savings of her husband, children, etc.
However, the CIT did not believe her, and they ordered to treat this money as unexplained money. Therefore the lady appeal in the matter. The appellate tribunal after hearing both the parties said that it allows the appeal because women’s contribution to the family is immeasurable. It further explained the earlier decision taken by the Supreme Court. In addition, the tribunal acknowledged that nearly 159.85 million women have household work as their primary occupation in Indian homes.
The Tribunal held that women save every money they get in gifts, but due to demonetization, they had to deposit this money in the bank to get new currency notes. Therefore the Tribunal exempts all the women who made cash deposits of less than Rs. 2.5 lakh during demonetization. This decision will become an important precedent for other future decisions.
This critical judgment on cash deposits by housewives by the Income Tax appellate tribunal is an important decision for housemakers. We often ignore The wives who do housework. Even government does not count their contribution in National Income. Therefore it becomes difficult for them to show how they collected their Income. But after this decision, there are chances that the scenario might improve in the future, and we will start valuing household work as we weigh the professional work.