A woman in Mahabubabad district committed suicide on Thursday. Fifty-five-year-old Vinida reportedly had a large amount of Rs 500 and Rs 1000 notes stored in her house. According to some of her relatives, Vinoda, confused with the recent demonetisation of the notes, as announced by the Centre, hanged herself thinking that she had suffered a huge financial loss.
According to the police, Vinoda had sold 12 acres of her land a few months ago, and decided to keep the money at home rather than a bank.
While the amount is still unclear, the police stated that it was over Rs 50 lakh.
The incident took place at Shanigapuram village.