Chhindwara, November 14, 2016: The police on Monday recovered Rs 47 lakh in cash in now demonetised currency notes of Rs 500 and Rs 1,000 from a car, which was on way to Amravati in Maharashtra from here, a senior official said.

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The Income Tax Department has been informed about the recovery of the illegal currency notes, said Superintendent of Police J.J. Pathak.

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Pathak told IANS: "Mohgaon police got the information about cash being carried in a car to Amravati. Acting on the tip-off, an Indigo car was searched and the money was found in bags. The entire Rs 47 lakh was in old Rs 500/1,000 notes."

A local resident, Govind, was taking the money to Amravati to exchange illegally with lower denomination notes, according to the police officer.

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The central government demonetised currency notes of Rs 500 and Rs 1,000 dnomination on November 8 to curb black money in the country as also to break the back of terror outfits thriving on black money and fake currency notes. (IANS)