Rs 25,000 crore deposited in cash post-demonetisation: I-T department

New Delhi, Delhi, IndiaUpdated: Jan 10, 2017, 07:19 AM IST

India is the highest in the Forbes list with 69% bribery rate. Photograph:(AFP)


The Indian Income Tax department is looking into over Rs 16,000 crore deposited in different accounts of cooperative banks. More than Rs 2 lakh have been deposited in over 60 lakh bank
accounts post-demonetisation.

"Rs 3-4 lakh crore of evaded income has been deposited in banks post-demonetisation," Income Tax official said. "Rs 25,000 crore has been deposited in cash in dormant bank accounts post-demonetisation," tax officials added.

Nearly Rs 80,000 crore of repayment of loans have been done in cash post-demonetisation, tax officials have concluded.