New Delhi:
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to explain why they had not deposited the money earlier. The Finance Minister has since clarified that no questions will be asked if any amount of the banned currency is deposited in one go, but said repeated deposits may raise queries.
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