ATMs remain shut as banks replace old currency notes

November 9, 2016

New Delhi, Nov 9: All ATMs will remain shut today and tomorrow as banks replace the now declared invalid Rs 500 and Rs 1,000 notes with new currency papers.State-Bank

Last night, after the government's announcement of withdrawal of Rs 500 and Rs 1,000 notes, people rushed to ATMs to withdraw lower denomination valid currency notes. However, banks closed ATM operations past mid-night.

Banks are also closed today for cash balancing and stocking up of lower denomination Rs 50 and Rs 100 notes and high security new Rs 500 and Rs 2,000 notes.

Customers can deposit their old Rs 500 and Rs 1,000 notes in their bank accounts tomorrow, and also exchange it with lower denomination or the new security feature Rs 500 and Rs 2,000 notes but with a limit of Rs 20,000 a week.

The new high security feature Rs 500 and Rs 2,000 notes will initially be available at branches from tomorrow and at ATMs from November 11. Since most of the cash deposit machines are inside the branches, people can deposit their old currencies only tomorrow when the branches open.

Meanwhile, the government has cautioned people that since cash deposit in a account above certain limit will be monitored by Financial Intelligence Unit and tax authorities so one should refrain from someone else money.

Besides, depositing money in bank accounts, the Rs 500 and Rs 1,000 notes can also be exchanged with lower denomination currency notes at designated banks and post offices on production of valid government identity cards like PAN, Aadhaar and Election Card from November 10 to November 24 with a daily limit of Rs 4,000.

Comments

Rikaz
 - 
Wednesday, 9 Nov 2016

Good that corrupts are having a bad day....for aam aadmi its not a big deal.....RBI did a great and wonderful job....

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News Network
February 16,2020

Bengaluru, Feb 16: Radhakrishnan V Nair embarked on a journey of exploring complex subjects and opening up the cocoon of existence that puts people in a zone of comfort. One sole mission of the book is to encourage the readers to break out of that comfort zone.

The architect by profession has a novel to his credit, 'The Cave of Freedom' that had earned him critical acclaim from Jnanpith Awardee UR Ananthamurthy. On February 13, a discussion and the reading of his book had the audience riveted to their seats.

The launch of the book on February 13 at Bangalore International Centre was presided over by Bhaskar Rao, Commissioner of Police, Bengaluru, along with Vasudev Murthy, Technology Management Consultant, leadership trainer and author and Ramessh RK, an industrial designer and choir singer who read out passages from the book.

'Radhakrishnan is trying to inspire you to discover the pleasure of breaking the glass barrier along with the protagonist Dr Prateek. The story 'burst out'", said Radhakrishnan when it could not be contained any longer.

The glass ceiling saw a lot of interest from the audience present. The book includes Dr Prateek who is obsessed with saving lives in the Emergency Room (ER) as the world slept. Then on an eerie rainy night, he is kidnapped.

He struggles to come to terms with the improbability of waking up somewhere in Europe and making his serendipitous escape and being back at work the next morning - all physically impossible from the point of view of time and locality.

The glass ceiling challenges you to see tragedies and their impact on a person's mental well-being from a different perspective.

Radhakrishnan V Nair is an architect by profession and runs his Bengaluru-based firm - Archaid, the tagline of which is 'Architecture in Collaboration with Nature'.

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News Network
May 12,2020

Udupi, May 12: The Coastal Bus Owner’s Association members have approached Deputy Commissioner to permit them to run bus service in the District.

Nearly 80 buses coming under the Coastal Bus Association and they are prepared to run the buses as per the guidelines set by the government. They have also requested RTO officials for permission to operate and are awaiting approval. If the bus service starts operating, many workers like drivers, conductors, cleaners, mechanics will get employment.

Coastal Bus Owners Association President Raghavendra Bhat said that the bus owners must provide services to the public as per regulations set by Deputy Commissioner.

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Media Release
July 30,2020

Jeddah: The first chartered flight for repatriation passengers from Jeddah to Bengaluru organized by Karnataka NRI Forum Jeddah – Saudi Arabia was successfully landed at Bengaluru airport by 01.00 am on 19th July 2020.

Spice Jet (SG9884) departed from King Abdul Aziz International Airport Jeddah by 05.00 pm local time with 177 stranded passengers which includes 12 Pregnant Woman, 3 infants, 44 Short term visa holders, 3 medical emergency patients and 115 migrate workers and labours from various districts of Karnataka state.

Karnataka NRI Forum Jeddah, a registered charitable organization under Government of Karnataka & Indian Consulate Jeddah - Saudi Arabia, helping the Kannadigas overseas & in Karnataka State as well, has initiated major role for helping stranded Kannadigas to travel back to home. During Pandemic hundreds of stranded Kannadigas were approached to the forum and requested to arrange special chartered flight to Bengaluru from Jeddah.

Initiating from collecting the data of passengers, the forum’s special panel including its President Mr. Mohammed Mansoor, Secretary Mr. Peter Mascarenes, Vice Presidents Mr. Nasir Khurshid, Dr.Ashfaque Maniyar, Chief Coordinator Mr. Shaikh Saoud, Cultural Secretaries Mr. Arifulla Shariff and Mr. Rajesh Suvarna, Treasurer Mr. Habib Rahman and Press Secretary Mr. Baig, the forum’s members have worked very hard to conclude this task very successful. 

The forum provided food packets as refreshment, complementary PPE kitsto each passenger as precaution against the spread of any infections while travelling and also guided all passengers by supporting them in Awdha portal (Saudi Passport Department) and Seva Sindhu portal registration of Government of Karnataka.

The official travel partner ITL Travel Management Company has rendered remarkable service to the passengers not only in ticketing but also supported with top priority in confirming the aircraft from SPICE JET and availed good service from ground staff at Jeddah Airport. 

All passengers have reached safely to their homes after completing the 7 days institutional quarantine at Bengaluru. 100% passengers had NEGETIVE report on Covid-19 test made on arrival as well as after institutional quarantine. 

In the press release published from the President, Mr. Mohammed Mansoor has expressed his prodigious gratitude to the Ambassador of India to Saudi Arabia H. E. Dr. Ausaf Sayeed, Deputy Consul General of India - Jeddah Mr. Y Saber and Chief Minister of Karnataka State Shri B. S. Yediyurappafor providing necessary approvals and NOC for the chartered flight operation. He also conveyed his boundless appreciationto Shri B. Y. Raghavendra, Member of Parliament Shimoga District (Karnataka) for his swift support extended to the forum and as well to Dr. Aarathi Krishna, Ex-Deputy Chairperson – NRI Forum of Karnataka – Government of Karnataka for her significant guidance and support on completing this mission.

The forum has thanked all the officers in King Abdul Aziz International Airport Jeddah and Kempegowda International Airport Bengaluru for the facilities provided to the passengers. The Forum has thanked all passengers travelled for their calmness and also thanked to all other members of the forum, Staff of ITL Travels and SPICE JET for their tremendous support extended throughout the mission accomplishment.

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