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
April 12,2020

Bengaluru, Apr 12: As many as 17 new cases of coronavirus were confirmed on Sunday in Karnataka, taking the total number of infected to 232, the health department said.

This includes six deaths and 54 discharges.

According to the bulletin issued by the health department, six cases were reported from Vijayapura, four cases in Belagavi, three each in Bengaluru city and Kalaburagi and one in Mysuru.

Among the 17, four people are suffering from Severe Acute Respiratory Illness (SARI) -- two of whom are in Bengaluru and one each in Vijayapura and Kalaburagi, the department said.

Following the sudden spurt in cases in Vijayapura, the department has initiated contact tracing.

Ever since the outbreak of COVID-19, Bengaluru continued to top the list with 76 cases, followed by Mysuru with 48 cases, Belagavi with 14 cases, Kalaburagi with 13 cases and Dakshina Kannada with 12 cases.

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News Network
May 4,2020

Bengaluru, May 4: Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar on Sunday condemned the arrest of women Congress leaders who were marching to Chief Minister BS Yediyurappa's house demanding action against BJP MLAs "caught" repacking food materials meant for Anganwadi children and pregnant women.

Taking to Twitter, Shivakumar posted pictures of the incident and wrote, "Strongly condemn the arrest of women congress leaders who were marching to the CM's house to ask for action against BJP MLAs caught repacking food materials meant for anganwadi children and pregnant women. Earlier, held a protest and PC demanding arrest of those involved in the scam."

Earlier on Sunday, Former Karnataka Chief Minister Siddaramaiah claimed that BJP leaders are "stealing" government grocery packets, pasting their photos and providing them to "well off party workers".

Taking to Twitter he wrote, "It is unfortunate that BJP leaders are exhibiting their political cruelty even during crisis. They are stealing govt food & grocery packets to paste their photos and then give it away to their well off party workers."

"Aravind Limbavali and other BJP leaders are caught branding themselves through the government distributed food packets. Nothing is more disgraceful and shameful than this. They should be made to resign & should be arrested," he wrote.

He further asserted that the Karnataka Chief Minister is directly responsible for the leakage. He has allowed his party workers to siphon off poor people's food.

"Shashikala Jolle (Minister of Women, Child Development and Empowerment of Differently Abled, Senior citizens, Govt of Karnataka) should immediately resign for her laxity and allowing her party people to steal from Anganwadi," he added.

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May 5,2020

Bengaluru, May 5: After Congress delegation was denied to donate a cheque of Rs one crore to ensure free transportation to migrants, Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar said that Congress party can go anywhere and help anyone they want and BJP leaders must understand what constitutional rights are.

Earlier on Monday, Karnataka Deputy Chief Minister who holds the transport portfolio, Lakshman Savadi suggested the Congress delegation for donating at least Rs 150 crore to the Chief Minister's Relief Fund instead of handing over a cheque of Rs one crore as a donation in order to bear the transportation fare of the migrants.

While reacting to Deputy CM and other BJP leaders' comments, Shivakumar said, "BJP leaders must understand what constitutional rights are. Who are these BJP leaders? They are now entering to help migrant workers after RSS guidelines. They must understand that we are a party and we can go anywhere and help anyone we want."

Congress leaders on Monday met Savadi to handover a cheque of Rs one crore in order to donate money for the migrant workers' transportation.

However, Savadi did not accept the cheque and suggested the Congress delegation to donate a bigger amount to the CM Relief Fund.

While addressing media after meeting the Congress leaders' delegation in the leadership of KPCC president, DK Shivakumar, Savadi said: "Congress has a history and its a wealthy party, still if Congress leaders want to donate, at least they must donate Rs 150 crores to the CM relief fund to fight COVID-19."

DK Shivakumar yesterday slammed the government and urged to depute free transport services to migrant workers, he asserted that Congress will donate money in this regard.

But the Managing Director of KSRTC denied to accept the cheque of Rs one crore and suggested the Congress delegation to meet transport minister or Chief Minister and donate to CM relief funds. Hence, today congress leaders met deputy CM Lakshman Savadi and tried to handover Rs one crore cheque which he did not accept.

After Congress leaders slammed the government and people criticised the decision of collecting bus fares, CM BS Yediyurappa ordered for free transport service to migrant workers.

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