IT has asked 10 account holders of Vishwas Co-operative Bank in Nashik in Maharashtra to identify their source of money, reports Times of India.
All the account holders had deposited over Rs 10 lakh each in their accounts after demonetization.
IT department found the deposit of Rs 50 crore with the Vishwas Co-op Bank in the form of scrapped currency notes in just 10 days after demonetization.
The documents related to the deposits are being closely scrutinized, say IT officials.