Gold jewellers are insisting that customers buying jewellery for more that ₹50,000 furnish know-your-customer (KYC) documentation, as they don't want to invite the kind of income tax scrutiny that happened after the 2016 demonetisation. In Kolkata, many shopkeepers are refusing to accept ₹2,000 notes from consumers for fear that they will get stuck with the money. Many traders from Bihar and Odisha are also not keen to accept the note.
