No question of rollback of demonetising as the rush to the banks is decreasing steadly

Ayupp

New Delhi, Arun Jaitley: The finance minister Arun Jaitley of india, said that 22,500 ATMs will be recalibrated on Thursday and the banks are trying their best to manage the huge rush at the banks and ATMs.

All the bank employees across all the banks like HDFC, SBI, ICICI have been doing their duty in full way so that people do not face any problems.

He said that there is no question of rollback of demonetising adding that the rush of customers at banks is decreasing smoothly with each passing days.

Must Know: Toll collection on national highways suspended further till November 24 midnight

Arun Jaitley also took stock of the current situation in the country following the demonetisation of Rs 500 and Rs 1000 currency notes. He observed that the situation of overcrowded queues outside the ATMs is normal now.

The demonetisation of Rs 500 and Rs 1,000 currency is inspired by political and not economic considerations, senior Congress leader Jairam Ramesh said on Thursday.

The Centre has asked all the states to ensure proper security in all the bank branches and outside ATMs. Finance Minister Jaitley also informed that the government has no plans of reintroducing the Rs 1000 note.

Must Know: Economic Affairs Secretary Shaktikanta Das said that effective tomorrow, exchange limit will be reduced to Rs 2,000 from the earlier limit of Rs 4,500.

“Over the counter exchange of old Rs 500 and Rs 1000 notes, w.e.f 18th November, the existing limit of Rs. 4500 will be reduced to Rs 2000,” Das added.

"For wedding ceremonies, up to Rs 2.5 lakh can be withdrawn from the bank account which are KYC compliant," Shaktikanta Das said.

“One member of the family, be it father or mother can withdraw up to Rs 2.5 lakhs for a wedding,” Das mentioned. Stating that there is enough cash with the government, he further said that central government employees up to group C can draw salary advance up to Rs 10,000 in cash that will be adjusted against their November salaries.



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