Banks got ₹7 lakh cr in deposits above ₹2 lakh post note ban
In terms of deposits over ₹2 lakh, more than 60 lakh individuals, companies, and institutions have deposited around ₹7 lakh crore, a senior official said. In this regard, the government has warned it would haul up anyone unable to show legal means for the money. Merely depositing notes in bank does not convert black money into white, government added.