Old notes ban

Rs.50,000 Fine and Jail Term of 4 Yrs for Holding Old Notes: Demonetization Ordinance 28 December 2016

Cabinet on Wednesday cleared promulgation of an ordinance to penalize persons who carry Rs 500, 1,000 notes after March 31. According to the new rule passed on Wednesday, people who keep more than 10 old notes after March 31 have...

Keywords: Center, Demonetization Ordinance, jail term, Fine

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“Rs.500 Old Notes Won’t be accepted from Dec 16”- Govt 14 December 2016

"Old 500 rupee notes will not be accepted anywhere from Friday", the government has said. The notes can be deposited in banks till December 30. All releases were announced last month in order to help the cash crunch for citizens....

Keywords: Old Notes ban, Prime Minister Narendra Modi, Old Notes ban, demonetization

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