BID TO TRADE RS 20 LAKH OUTLAWED NOTES FOR NEW COSTS MAN RS 1 LAKH.

​As of April 7, 2025, there are no new reports matching the description provided. However, several incidents in recent months have involved individuals being defrauded while attempting to exchange demonetised currency notes:​

  • Rajasthan Incident (November 2024): A man from Sikar was allegedly cheated out of ₹20 lakh by individuals promising to exchange old ₹2,000 notes worth ₹100 crore. The fraudsters assured a 10% commission for facilitating the exchange but disappeared after receiving the money.
  • Gujarat Incident (August 2024): A transporter from Ajmer, Rajasthan, filed a complaint in Gandhinagar, Gujarat, alleging that six men duped him of ₹11.38 lakh under the pretext of exchanging discontinued ₹2,000 denomination notes.

These cases highlight the risks associated with attempts to exchange demonetised currency through unofficial channels. The Reserve Bank of India (RBI) had set deadlines for exchanging such notes, and engaging in unofficial exchanges can lead to financial loss and legal complications.​

It’s advisable to remain cautious and avoid unofficial channels for currency exchange to prevent falling victim to such scams.​

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