Absolutely correct. However, "thank you" has become so routine that many times even when we really mean it, people may not care much. So, in order to get most out of saying 'thank you', always make it a habit to specify precisely what you are saying 'thank you' for. That will go a long way in making the receiver very happy and appreciate your thoughtfulness. Otherwise, it is going to sound like another bland 'thank you' or 'how you doing?'
If you seriously examine, our daily courtesies all have become too routine to have any real value. Most of them seem to be asked or said out of some requirement or conversation starters. But, we can become little creative and bring back some meaning into such conversation openers. If you know a person, remember to ask about something that matters to them. Of course, you have to open with 'How you doing?'. But, do not have to stop there. For example, a coworker had told something about a sick relative a while back. So, I chose to ask about the relative after the routine 'how you doing?'. What a difference it made?
In today's world of mad rushing, we sometimes feel that we may be wasting other's time by enraging in such talk. Far from the truth. Like it or not, everybody is interested in them and in things that matter to them. Even if they are killing themselves at work, it is a means to some end for which they are killing themselves in much bigger way. Find out what that end is and try to ask a little about that and you would make his or her day. There need not be any ulterior motives behind your questions. It may be just as simple as strengthening relationship. Ultimately relationships and the capital you have invested in them is what going to be of any use. Rest all as they say 'extra'.
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