A woman in Telangana's 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.

However, a police officer investigating the case told TNM that there were contradictory claims.

"The family said that she committed suicide due to confusion, but some relatives are saying that it was because of a family dispute," he said.

Stating that the woman had one son and two daughters, all of whom were married, he added, "Apparently, the children wanted a share of the money and harassed the woman. We are still looking into the case."

Further details are awaited.