Updated By: LatestGKGS Desk
Rs 500 and Rs 1000 denomination note exchange revised note
Finance Secretary provided important points regarding Rs.500 and Rs.1000 note ban
The exceptions at certain places for Rs.500 and Rs.1000 notes will be accepted till 24th November 2016.
The medicine stores to also accept 500 and 1000 denomination note till 24th November.
Every ATM would not provide Rs.2,50,000 and micro ATMs is expected to increase.
People can exchange notes at a limit of Rs.4500 per day and can withdraw Rs.2500 per day
Separate lines to be provided by the banks for elderly people and physically disabled people.
Reserve Bank Task Force to be established in rural areas and more cash to be provided for rural people as compared to urban.
ATM machines are now ready to withdraw the cash and people can withdraw anytime they want.
Government has also advised people to promote e-payments to reduce the pressure of the banks.
