Sacks Of Rs. 500, Rs.1000 Currency Notes Cut, Damaged And Burnt In Bareilly After The Ban

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10:28 pm 9 Nov, 2016

After Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes will be discontinued with immediate effect, some people in Uttar Pradesh rally had a hard time. Not knowing what to do with the surplus cash, some decided to burn it. Yep, that’s true.

A pile of burnt currency notes of denomination 500 and 1000 was found in Bareilly.

Sources told IANS that the burnt notes were reportedly brought in sacks and then dumped by workers of a company on Parsa Kheda road at CB Ganj in Bareilly.




As per reports, the notes were first cut into many pieces and then burnt.

Police officials told IANS that the notes appeared to have been cut, damaged and then burnt. The police took the remains and matter has reported to the Reserve Bank of India (RBI) officials.

“We are examining the burnt notes to check for their authenticity,” said Senior Superintendent of Bareilly, Joginder Singh.




On November 8, the move to ban Rs 500 and Rs 1000 currency notes was taken by the government to curb black money.

The Prime Minister had said, “Though India is now a global bright spot with its fast-growing economy, corruption and black or undeclared money are the biggest obstacles to our success. Since our government was elected, 1.25 lakh crores of black money belonging to the corrupt has been uncovered, through a series of measures including a voluntary disclosure scheme.”

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