In November 2016 the government withdrew the 500 and 1,000 rupee notes. Cash had to be deposited in banks. In February 2017 Sushil Chandra, chairman of the Central Board of Direct Taxes, said: “As the Prime Minister has clearly said that (for deposits) up to Rs 2.5 lakh we will not ask (questions).”
In 2021 the Income Tax Appellate Tribunal in Agra ruled that cash deposits by housewives of up to 2.5 lakh rupees were not income. “Women all over the country, had been accumulating cash that they had saved for themselves from household budgets,” it said.