New Rs. 500 and Rs. 2000 notes to be available at ATMs from Friday
Posted on: 10/Nov/2016 1:03:17 PM
Addressing the press on Wednesday, Finance Secretary Ashok Lavasa said that the new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday.
Mr. Lavasa said, There are going to be some difficulties which the people will face but for their convenience, a number of steps have been taken by the government, there are facilities to withdraw money from ATM and exchange currency at banks, withdraw money from accounts. People do understand the objective behind the move. And I’m sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down.
People need money for transaction so for replacement that currency is being introduced. RBI will very strictly monitor it. For doing any transaction there are different ways, government’s intention is to move towards cashless transaction. The ATMs will open on November 11, 2016, and at many places they will open on November 10, 2016, new notes will be available at ATMs. The market would have reacted to several other developments. Let’s wait and watch how things pan out. If there is anything required to be done by the SEBI, I am sure they will take a look and take appropriate decision at the right time.
