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People standing in a long queue to collect cash from an ATM in Kolkata. (Photo: PTI)

Only one day left for using old Rs 500, Rs 1000 notes

After allowing three extensions for select outlets, govt may give another if it thinks it was required.

24 Nov 2016 6:17 AM GMT

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

India added 91 lakh new taxpayers after note ban

Around Nov 8 last year, there were 5 crore taxpayers in country who now stand at 5.91 crore.

17 May 2017 5:37 AM GMT

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

RBI bars use of colour-stained notes on Holi

Central bank directs public sector banks not to accept Rs 2,000 and Rs 500 notes if they come with colour blots.

9 March 2017 10:23 AM GMT