Sunday, May 5, 2024

Rs. 500 and Rs.1000 notes will accept till 24th November

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Rs. 500 and Rs.1000 notes will accept till 24th November

Prime Minister Narendra Modi has chaired to review meeting on demonetization and its impact on Indian economy as well as common people on last midnight. A day after the meeting Economic Affairs Secretary Shaktikanta Das on Monday announced that the old Rs. 500 and Rs. 1,000 notes would be accepted at government hospitals, petrol stations and toll booths till November 24.  

In continuing the chaos and growing public anger across the country over limited cash availability following the surprise demonetisation of two higher value currency notes. Prime Minister Modi has reviewed the situation in the country with cabinet colleagues and higher officials.  On Sunday, the cash withdrawal limit at ATMs was hiked to Rs. 2,500 from Rs. 2,000 a day. The weekly limit of Rs 20,000 for withdrawal from bank counters has been increased to Rs. 24,000. The maximum limit of Rs. 10,000 per day on such withdrawals has been removed.

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