The country reels under the aftereffects of Prime Minister Narendra Modi’s demonetisation decision, removing legal tender of Rs 500 and Rs 1000 notes.
Endless queues at Banks and ATMs add on to the woes of the public as only 60 percent of ATMs have valid currency even days after PM Modi’s surprise announcement.
Even the 1.2 lakh ATMs (out of total 2 lakh) working ATMs are running out of cash in few hours, leaving people frustrated.
In view of the difficulty in withdrawing cash and the long queues, the government has announced the following changes:
- Banks advised to increase Cash Withdrawal limit at ATMs from Rs 2000/- to Rs 2500/- per day in the recalibrated ATMs
- Weekly limit of Rs.20, 000 for withdrawal from Bank accounts increased to Rs.24, 000;. Limit of Rs.10,000 per day removed
- Banks have been advised to increase exchange limit over the counter from existing Rs 4000/- to Rs 4500/
- Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons.
- Separate queues will also be arranged for exchange of cash to cash and transactions against Bank accounts.
- Last date for submission of annual life certificate fr Govt pensioners, to be submitted in Nov every yr extended upto Jan 15 ’17