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What will happen if people having black money don't return it to bank, fearing being caught? This comes after latest 500 & 1000 rupee notes banning.
Can you tell me what might happen if people having black money don't return it to bank, fearing being caught?
If people choose not to return their black money to the bank, they may face legal consequences such as heavy fines or even imprisonment. Additionally, the money they have may become useless as it would no longer be legal tender.