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Currency Clean-Up: What This Means For You

PUBLISHED ON: November 9, 2016 | Duration: 20 min, 01 sec

   
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India's central bank has said that banks will reopen tomorrow and stay open this weekend to help people swap 500 and 1,000 rupee notes which are now banned. The government on Wednesday night warned that cash deposits above Rs. 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch. What does this mean for your money?
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