New Delhi: A new rule approved by the government of India makes it a crime to have more than 10 banned notes after Friday.
An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for consent.
The government of India had banned 500 and 1,000-rupee notes on November 8 in the hope that it will curb corruption.
Old notes can be deposited in banks till Friday, December 30. After that, only people who could not deposit their banned notes because of exceptional circumstances can do so, that too at the RBI or Reserve Bank of India.