Woman commits suicide fearing the old currency notes would not be termed valid

With the sudden move of Prime Minister Narendra Modi to abolish Rs 500 and Rs 1,000 notes in order to curb black money, the people of the nation have gone into panic mode.

While many are rushing to the banks to exchange the notes and deposit the money, the people unaware of the meaning behind the government's decision is leading to misunderstandings across the nation.

In an unfortunate incident reported in Telangana, an elderly woman hailing from Mahabubabad district has committed suicide on Wednesday night fearing the Rs 54 lakh cash she had been stashing at her home would not be termed valid.

Identified as Vinoda, the 55-year-old woman is said to have been worrying about the money acquired after the sale of their land and particularly as the notes were of the highest denomination, Rs 1,000 notes.

Unaware that the currency notes can be exchanged in banks with new currency, she had reportedly committed suicide. Reportedly, people living in the rural areas are facing turmoil and fearing that their money would not be termed valid. Many in urban areas too opined that they should have been warned at least 24 hours in advance.