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Naik had the money in demonetised notes and wanted to get it exchanged.

Holders of more than 10 scrapped notes to be penalised

The ordinance is to extinguish liability of government and Reserve Bank of India on the demonetised high-denomination...

28 Dec 2016 12:59 PM IST

Representational PIcture (Photo: File)

Noida: Workers refuse salary in old notes, laid off

The workers held a protest outside the builder's office and also have lodged a complaint with the police.

28 Dec 2016 11:43 AM IST

Anil Vij said that the rupee had lost its value since Gandhis photos were printed on notes. (Representational Image)

LS passes bill to make holding of old notes punishable

The government said the aim was to check parallel economy using the scrapped notes.

7 Feb 2017 9:22 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

30-day relief for Maharashtra co-ops as RBI allows deposit of old...

Report says district cooperative banks can seek new notes as a replacement of old ones.

21 Jun 2017 11:39 AM IST

The NID is going to design something which can be helpful for society and inspire others to reuse. (Photo: Twitter | ANI)

Gujarat: Demonetised currency notes recycled to develop usable...

Moreover, students can also earn prize money of Rs. 50,000, Rs 75,000 and Rs. 1 lakh if they are successful at creating...

27 April 2017 11:12 AM IST

Union Finance Minister Arun Jaitley speaking at the inaguration of FICCIs 89th Annual General Meeting, in New Delhi. (Photo: PTI)

No questions will be asked if old notes deposited in one go: Jaitley

Amounts of Rs 5,000 or less may continue to be deposited with banks in the customer's account, as at present.

20 Dec 2016 12:05 PM IST

Its apparent that the black money hunt hasnt produced the desired results, with Rs 12.40 lakh crores notes back in the system by December 10. (Representational image)

Deposit of over Rs 5,000 in old notes allowed only once: RBI

RBI said that defunct currency up to any amount can be deposited under the new black money amnesty PMGKY scheme.

19 Dec 2016 2:06 PM IST

New Rs 2,000 notes seized during raids. (Photo: PTI/File)

Kolkata: ED arrests businessman in Rs 25 crore money laundering case

The ED raided multiple locations in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad, among others based on intelligence...

22 Dec 2016 10:55 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Many banks refusing to take deposit over Rs 5,000 in old notes

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later for...

21 Dec 2016 10:39 AM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

8 arrested in Odisha with Rs 1.42 crore cash

Acting on a tip-off about firearms being carried in a car in Sambalpur, the police intercepted the vehicle carrying the...

5 Dec 2016 3:13 AM IST

Reserve Bank of India. (Photo: PTI)

RBI issues new Rs 50 and Rs 20 notes, old ones still valid

However, the old Rs 20 and Rs 50 notes will continue to be legal tender.

4 Dec 2016 5:16 PM IST

Many queues had senior citizens and pensioners. (Photo: PTI)

Note ban: Queues get longer at pumps, market footfall decrease

Besides queues at petrol pumps, people lined up outside banks and ATMs, with many waiting to deposit old notes and...

2 Dec 2016 3:42 PM IST