Now, a Rs 5,000 fine, 4-Year jail term for possessing old notes

Happiness could be bought and money can bring happiness, study

New Delhi, Dec 28: The Centre approved an ordinance that imposes penalties for possessing old notes beyond a certain limit and indulging in transactions with junked notes of Rs 500 and 1,000.

According to the ordinance anyone possessing old notes post March 31, 2017 will have to face four-year jail term and those involved in transactions have to pay a penalty of Rs 5000.