It is not a secret that a lot of people in India were holding stashes of unaccounted money with them. But with the Rs 500, and Rs 1,000 notes demonetised they have been caught off-guard.

Since it is not accounted for they cannot submit it in banks and get it replaced, because, to do it they will have to show the income source and pay fines up to 200 per cent if it is not in proportion to the known sources.

So what do you do with those useless notes? just set them on fire! And someone just did it.

Sacks full of burnt notes were found in Uttar Pradesh's Bareilly on Wednesday.

The burnt Rs 500 and Rs 1,000 notes were reportedly brought in sacks and then dumped by workers of a company on Parsa Kheda road at CB Ganj in Bareilly, sources said.

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Police officials said the notes appeared to have been cut, damaged and then burnt.