The Toyota Fortuner SUV was on its way from Manali towards Bilaspur.
The Himachal Pradesh Police has seized Rs 76 lakh from a Toyota Fortuner SUV in Mandi. The money confiscated were old notes of Rs 500 and 1000 and wrapped in a gift pack.
The SUV was on its way from Manali towards Bilaspur on late on Thursday night when it was caught by the police. Two people have been arrested.
The two men arrested are employees of a Manali-based private firm and were allegedly trying to transport the money out of the state.
The company officials said they will approach authorities with valid papers and claim the money.
Rs 500 and 1000 notes were banned by Prime Minister Narendra Modi in a surprise announcement on Tuesday, in the government's measure to curb black or illegal money. New, high security Rs 500 and 2000 notes were introduced in circulation yesterday.