The trio was found suspicious while looking for means to exchange the old notes with the new ones near a bank when the police were notified

Hyderabad: Three arrested for possessing demonetised notes worth 1 crore

Prime Minister Modi had originally said that would be the last deadline

Why can't people deposit old notes till March 31? Supreme Court asks govt, RBI

The penalty for possessing more than 10 old notes may include financial fines and a jail term of up to 4 years in certain cases

There has been no official word from the government but sources said the ordinance is likely

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