The government banker would offer us to open multiples accounts to put in our black money and give us as many lockers to keep our crores. He would even look for somebody who would send our cash abroad
This branch of State Bank of India in Noida of Uttar Pradesh is very busy with queues of customers starting from its gates, so is the personnel the Cobrapost reporter walks up to. He has to discuss about some big investment, says our reporter. Could he take him to the branch manager, to talk in private. After a long wait, the banker finally takes him to Branch Manager P. Kumar. Taking a seat, our reporter comes straight to discussing the business: A minister wants to invest some big money in his wife's name, in some long-term plan. Could you suggest what is best, asks the reporter. "Kaun bataya aapne (Who is that)," asks Kumar wanting to know who the minister. Our reporter skirts the issue saying he is a minister and the investment has to be made in the name of his wife. Kumar asks: "Account hai humare yahan na (Does she have an account with us)." We would love to have one with your bank, says our reporter. The amount is big. Says Kumar: "Khol denge ... saving mein dalwayenge abhi ... uske baad teen-chaar jageh karwa sakte ho (Will open ... will put in saving right now ... after that you can invest it at three-four places)." Taking a cue, our reporter asks if we could open three accounts. It is about Rs. 5 crore. Hope there would be no problem. Reassures Kumar: "Nahin, nahin ... koi problem nahin (No, no ... there will be no problem)." Where should we invest all our crores, asks our reporter. What would be the best long-term plan for us? Kumar says: "Long-term mein aapko bataoon ... aisa hai kuch toh mutual fund mein dalwa doonga main, kuch MetLife mein dalwa doonga, kuch savings mein pada rahega, kuch FD banwa doonga (In long term, shall I tell you ... it is like I will put some in mutual fund, will put some in MetLife, some will remain in saving, will put some in FD)." Would it all be guaranteed, asks our reporter. Hope there would be no TDS. More at: http://www.cobrapost.com/index.php/news-detail?nid=509&cid=32 ~Avelino
