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People standing in long queues to exchange their old Rs 500 and 1000 notes and withdraw cash from the ATM in New Delhi. (Photo: PTI)

Cash goes down drain in Assam

The ATMs of most private banks were not working.

19 Nov 2016 1:04 AM IST

People stand in a queue to withdraw money from a mobile ATM at Pragati Maidan in New Delhi on Monday. (Photo: PTI)

Squabble over banned notes delays last rites

Fire breaks out at ATM.

15 Nov 2016 2:22 AM IST

Simply stepping forward and declaring the money is not an appealing option for tax dodgers, as banks have to report to tax authorities anybody depositing over 250,000 rupees ($3,765).

Indians find way out as black money noose tightens

Being found to be holding undeclared cash can lead to a penalty of 200 per cent of the tax owed.

12 Nov 2016 10:42 AM IST