Banks accepted over â¹1 lakh crore without PAN details
After demonetisation, banks received â¹1.13 lakh crore in "high-value deposits" from customers without providing Permanent Account Numbers (PAN), indicating possible collusion of officials to hide suspicious cash, according to Hindustan Times. About half of these transactions were in six states, like Gujarat and Rajasthan. PAN details, mandatory for deposits above â¹50,000, help detect tax evasion.