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The items worth Rs 4.3 lakh were robbed from the residence of Thottayi Kunnummal Abdulla.
A teacher by profession and an avid collector, Pai has also found a place in the Limca Book of Records for collecting the highest number of one-rupee notes - 1.03 lakh.
The RBI has permitted the exchange of Rs. 2000 notes only through post offices.
Only Rs 7,581 crore worth of the withdrawn notes are still with the public, said the apex bank.
The man noticed a packet lying on the floor near the doorstep of the booth.
The house, which had been closed for three days, was under police surveillance.
Of the money seized, Rs 20 lakh was in Indian currency and around Rs 5.25 lakh in foreign currencies from 23 countries
A case was registered against Muhammed Noorudheen from Kasaragod's Neerchal for carrying the currency without mandated documents; meanwhile, Pallathukalam Manikandan (36) from Palakkad's Konikkazhi was booked for smuggling gold
The Reserve Bank of India (RBI) has defended before the high court its notification, saying it is not demonetisation but a statutory exercise.
Money exchangers said that none of the customers are willing to buy the Rs 2000 notes they hold.
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