New Rule: Soon, Punishment For Holding More Than 10 Old Notes | Read

PUBLISHED ON: December 28, 2016 | Duration: 2 min, 05 sec

  
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It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet today and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes can be deposited in banks till Friday, December 30. After that, only people who could not deposit their banned notes because of exceptional circumstances can do so, that too at the RBI or Reserve Bank of India.
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