If old currency is deposited in one go then no questions will be asked: Jaitley

New Delhi: Finance Minister Arun Jaitley today made it clear that there will not be any questions asked from the people if they go and deposit the old currency notes in one go, however, there will be queries done if they deposit amount repeatedly.

Jaitley gave this statement subsequent to the RBI’s announcement of stricter rules for depositing demonetised currency that was been issued yesterday.

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Finance Minister stated: “If they go and deposit with bank any amount of currency no questions are going to be asked to them and therefore the 5000 rupee limit does not apply to them if they go and deposit it once.”

“But if they are going to go everyday and deposit some currency, same person, that gives rise to suspicion that where is he acquiring this currency from. In that event a person may have something to worry about. Therefore everyone is advised whatever old currency you have please go and deposit it now,” he added further.

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Reserve Bank of India had previously declared that deposits of old Rs 500 and Rs 1,000 notes in more than of Rs 5,000 will now be permitted just once till December 30 also followed by firm scrutiny.