No Move to Seal Bank Lockers, Confiscate Jewellery: Finance Ministry
No Move to Seal Bank Lockers, Confiscate Jewellery: Finance Ministry
Scoffing at rumors, the Finance Ministry on Friday said there was no move to seal bank lockers nor was it true that the ink of the new Rs 2,000 notes has been bleeding in some cases.

New Delhi: Scoffing at rumours, the Finance Ministry on Friday said there was no move to seal bank lockers nor was it 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 on its official Twitter account.

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

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

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