VISITING BANKS FOR CASH? GET READY TO BE INKED!

National News

Even as the crowds at ATMs and banks grew longer, the government has come up with a unique solution to combat the cash crunch that has severely affected the country. Speaking at a press conference Economic Affairs Secretary Shaktikanta Das announced that indelible ink would be used at banks to stop multiple withdrawals. He also announced the creation of a Special Task Force to monitor fake currency that was being circulated in the market.

‘To solve this problem we have decided to use indelible ink marks,similar to elections,on cash counters.’

SHAKTIKANTA DAS, SECRETARY, ECONOMIC AFFAIRS

 

Places of worship, who receive smaller denomination notes, have been requested to deposit money in banks so that supply of these notes increased.

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Daily ATM Cash Withdrawal limits increased to INR 2500

National News

Indian Finance Ministry has increased the cash withdrawal limit from INR 2000 to INR 2500.

Daily exchange limits have been increased to INR 4,500 from the previous limit of INR 4,000.