New Delhi, Nov 18 (KNN) The Finance Ministry, through its twitter account, has clarified that its merely a myth that the government is planning to seal bank lockers or the government is planning to cancel the legal tender of status of Rs 100 and Rs 50 notes.

The government using twitter has clarified the myths and the realities around demonetization.

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 finance ministry tweeted on its official Twitter account.

Another myth is that the PM is going to address the nation again, announcing demonetization of Rs 100 and Rs 50 notes.

The Ministry, in the tweet, said, “There is no intention of cancelling legal tender status of notes of any other denomination.”

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.

Further, the tweet said it is a myth that the information was leaked to select corporate houses and party members in advance.

“Complete secrecy was maintained,” said the Ministry.

Another myth is that the demonetization move is only for show. People will find other means to keep black money. Already industries and mechanisms are springing up to address this demand.

The reality is, “Enforcement agencies are keeping necessary watch; besides amendments made also in Benami Transactions Act and information sharing agreements with foreign Governments toc heck black money,” the Ministry said in the tweet. (KNN Bureau)