Sec 20, Noida: What will the police station do with Rs 31,000 in old notes?
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Sec 20, Noida: What will the police station do with Rs 31,000 in old notes?

“We have stopped accepting demonetised currency after December 15,” says bank to police station.

Sec 20, Noida: What will the police station do with Rs 31,000 in old notes?

On December 29, police personnel in Sector 20, Noida, had a rude jolt of realisation. The police station had Rs 31,000 in demonetised currency lying in its store rooms — and the last day for depositing old notes in government treasuries was December 15. The RBI, too, will refuse to accept any old notes after December 30.  

As soon as realisation dawned, the police station’s store room in-charge rushed to the Sector 2 branch of State Bank of India, hoping to deposit the money, but in vain — bank officials refused to accept the demonetised notes.   

So what will the police station do with all the void notes now? Will public money become scrap because of the lackadaisical attitude of police officers?
 
The bundles of money lying in police station store rooms are usually seized during cases of burglaries and loots. It’s the duty of the station's head diwan to take care of the cash till the court arrives at a decision on the case and then submit the amount to the government treasury. But the Sector 20 police station seems to have forgotten they even had demonetised currency lying in its store room!
 
However, police sources say it is not the only one. In fact, they believe that as much as Rs 5 crore may be lying forgotten in various district police stations across Noida. “The old notes lying in police stations cannot be submitted in government treasuries. The head diwans will now have to apprise the court of the situation and inform it about the amounts lying in their respective police stations,” says a legal expert.
 
Dinesh Yadav, SP City, said, “Banks cannot refuse to take the amount if the court orders it to be deposited in the treasury. We don’t have any directives regarding this as of now, but we will soon discuss this. We can't let public money go to waste.”