The Indian government has reportedly notified the law that makes the holding of more than 10 scrapped notes as punishable with a minimum fine of Rs.10,000. With the law coming into force, possession of more than 10 pieces of the old notes by individuals and more than 25 pieces for study, research or numismatics purpose will be a criminal offence, attracting fine of Rs. 10,000 or five times the cash held.