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Banned Rs. 500, 1000 notes found in Kolkata dustbin

Banned Rs. 500, 1000 notes found in Kolkata dustbin

India Blooms News Service | | 13 Nov 2016, 03:51 pm
Kolkata, Nov 13 (IBNS): As many as two sacks filled with banned Rs 500 and Rs 1000 notes were recovered from a garbage dump in south Kolkata's Golf Green area on Sunday, reports said.

According to reports, locals found the torn and multilated notes in the morning at a dustbin near Golf Club and police were called in.

Police, however, recovered the notes and sent for tests to confirm if it's original of fake currency.

"Recovered notes are possibly worth over 2 crores and those have been sent for tests to confirm authenticity," a senior official of Kolkata Police told IBNS.

"We are examining CCTV footage of the area to identify the person(s) who threw these notes," the official added.

The government has scrapped the Rs. 1000 and Rs. 500 notes with effect from Tuesday midnight to fight black money. 

In unprecedented scenes, millions of people since Thursday morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.

The Government asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.

It has also  announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.

The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30.

(Reporting by Deepayan Sinha,Image by Avishek Mitra/IBNS)