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    You are at:Home » Can’t Ban Everyone From Depositing Old Notes, Says Supreme Court

    Can’t Ban Everyone From Depositing Old Notes, Says Supreme Court

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    By khabarindia on July 4, 2017 National

    (NDTV)

    People with a legitimate reason for not being able to deposit old 500 and 1,000-rupee notes – like those in prison – cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the government to explain how it will help these citizens by the 17th of this month.

    In November, Prime Minister Narendra Modi made the shock announcement that within a few hours, the high-denomination notes would be illegal for transactions. People were given till December 30 to turn in their old notes at post offices and banks.

    The deadline for depositing the old notes at the Reserve Bank of India was the end of March. The Chief Justice of India, JS Khehar, said during today’s hearing, “If these genuine people are not given a chance, then it is a serious issue.”

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