Demonetisation: Government to set limit on keeping cash at home, says sources

After the announcement of demonetisation on November 8, the government may now set a limit on keeping cash at home — anywhere between Rs 3 and Rs 15 lakh. However, being a developing economy, it will be quite difficult to set a minimum limit to keep the cash, said experts. In 2015, a team of experts assigned by the Supreme Court to fight and recover black money said the limit to keep cash at home should be set at Rs 15 lakh.

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