NRIs need to show old notes to Customs at airports

Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs......

No jail, but minimum Rs 10,000 fine for holding old notes

The ordinance on demonetised currency does not propose a jail term for those holding more than 10 junked notes, but imposes a minimum fine of Rs 10,000. The draft ordinance, which will be sent......

Soon, 4-yr jail, penalty for holding more than 10 old notes

Two days before the deadline for depositing old 500 and 1,000 rupee notes expires, the Cabinet on Wednesday approved the promulgation of an ordinance to make possession of a large number of......

Still have banned notes? You maybe fined 10,000

The government on Friday introduced in the Lok Sabha a bill that makes  holding, transfer and receiving of old 500 and 1000 currency notes a criminal offence, punishable with a minimum......