Tue, Feb 28, 2017 | updated 04:09 AM IST

Will soon dispense 20, 50 rupee notes to help public: SBI Chief

Updated: Nov 15, 2016 08:29 IST

Mumbai (Maharashtra) [India], Nov. 15 (ANI): Maintaining that the state of panic among people is on the decline following the constant flow of cash at banks and ATMs, State Bank of India (SBI) chairperson Arundhati Bhattacharya said the bank will soon start dispensing Rs.50 and Rs.20 currency notes to further help the public.

The SBI chief told ANI that in all of their branches in the southern states, the workload has dropped to almost 50 per cent, which is a sure sign that people are assured that they will receive the money at their own convenience.

However, talking about the inconvenience caused to the masses with ATMs running out of cash faster than expected, Bhattacharya added that ATMs are emptying out fast because it has a fixed space for notes of 100 and also the dimension of the new notes has changed, adding that the holding capacity in the ATM is confined.

"But what takes the most time is manual recalibration. A person has to come and physically add the money when it runs out. We hope and are trying that we can sort this problem by end of November. And if the chaos subsides by then, then we will also start dispensing 50 and 20 rupee notes in coming days," she said.

Meanwhile, the government has set up a special task force headed by Deputy Governor of RBI to expedite the process of re-calibrating the ATMs to make them fully functional, which will work with different banks in this direction.

Addressing the media in New Delhi about Prime Minister's meeting on Sunday to review the demonetisation and its impact, Economic Affairs Secretary Shaktikanta Das said Monday that the ATM re-calibration has started and some of the ATMs will start dispensing higher denominations, including 2000 rupee notes, from today or tomorrow.

The ATM limit has also been increased to 2,500 rupees, however it will be disbursed only by the re-calibrated ATMs.

Saying that there is no need for public to panic, Das assured that there is enough cash available in the system and the situation will ease in the coming days.

The toll tax will not be collected till the midnight of 18th November to ensure smooth traffic movement across all national highways.

On Sunday night, Prime Minister Narendra Modi held a meeting at his residence with senior ministers past Sunday to review demonetisation and its impact.

The meeting was attended by Home Minister Rajnath Singh, Finance Minister Arun Jaitley, Information and Broadcasting Minister Venkaiah Naidu, Power, Coal and Mines Minister Piyush Goyal and top officials of the Finance Ministry.

After a review by the Finance Ministry, the limit of old 500 and 1000 rupee notes that can be exchanged for freshly minted 2000 rupees and new 500 rupee notes was increased from 4000 rupees to 4500 rupees per day.

The time limit for certain categories of transactions using old series of 500 and 1000 rupee notes has been extended till November 24 midnight. The categories include government hospitals, railways and bus ticket counters, airports, petrol pumps, milk booths authorised by state governments, crematoria and burial grounds.

Cash withdrawal limit at ATMs was hiked to 2,500 rupees from 2,000 rupees a day. The weekly limit of 20,000 rupees for withdrawal from bank counters has been increased to 24,000 rupees.

The ministry in a statement said that the maximum limit of 10,000 rupees per day on such withdrawals has been removed.

The Finance Ministry has also extended the last date for submission of the annual life certificate for pensioners from November to 15th January next year. (ANI)

Kolkata (West Bengal) [India], Feb. 28 (ANI): The fire tenders to douse the flames in Kolkata's Burabazaar area have been increased to 30.

Full Story >>

Kolkata (West Bengal) [India], Feb. 28 (ANI): As many as 25 fire tenders are at the spot to douse the flames that broke out in Kolkata's Burazbazaar area.

Full Story >>

Casualties in Naxal affected areas rise

Updated: Feb 28, 2017 00:26 IST

New Delhi [India], Feb. 28 (ANI): There is an overall spurt in the casualties in the Left Wing Extremism (LWE) areas.

Full Story >>

Guwahati (Assam) [India], Feb. 28 (ANI): The sleuths of Assam Police Vigilance and Anti Corruption (V&AC) have arrested six officials of social welfare department in connection with a multi crore rupees scam of the department.

Full Story >>

Kerala priest detained for raping student

Updated: Feb 28, 2017 00:19 IST

Kannur (Kerala) [India], Feb. 28 (ANI): A Kerala church priest has been detained for raping a plus one student in Kerala's Kannur.

Full Story >>

New Delhi, Feb. 27 (ANI): Saluting the heroism of Ian Grillot, who suffered injuries in his arm and chest while trying to tackle the shooter at a Kansas city bar who opened fire on two Indian men, External Affair Minister Sushma Swaraj on Monday wished for his speedy recovery.

Full Story >>

New Delhi [India], Feb. 27 (ANI): The fifth MAK Pataudi Memorial Lecture 2016-17 and the BCCI Annual Awards 2016-17 will take place at Ritz Carlton, Bengaluru on March 8.

Full Story >>

Kolkata (West Bengal) [India], Feb. 27 (ANI): A massive fire broke out in Kolkata's Burabazaar area on Monday night.

Full Story >>

Raipur (Chhattisgarh) [India], Feb 27(ANI): Spiritual leader Sri Sri Ravi Shankar has commented the growing menace of Naxal elements across the nation, and expressed his desire to help them in all situations.

Full Story >>

New Delhi [India], feb. 27 (ANI):Additional Deputy Commissioner of Delhi Police, North-West District, confirmed the arrest of a hoax caller who had threatened to carry out a bomb blast in Prime Minister Narendra Modi's election rally in Mou, Uttar Pradesh.

Full Story >>

Hyderabad [India], Feb. 27 (ANI): The body of Srinivas Kuchibhotla, as Indian engineer who was shot dead in Kansas in an alleged hate crime, arrived here today, from where it will be taken to his home for final rites.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Dismissing claims of being 'anti-national', Delhi University student Gurmehar Kaur defended her demand for a violence-free university campus, adding that she was not being influenced by anybody.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi today said that the BJP is a party that takes all communities and people of various religious persuasion along with it, adding that while it is not looking at religion-based distribution of tickets, it 'would have been better' to give Muslims candidates tickets to contest the polls in Uttar Pradesh.

Full Story >>

New Delhi [India], Feb 27 (ANI): Congress leader Ambika Soni on Monday came out in support of Lady Shri Ram College student Gurmehar Kaur after she logged a complaint with the Delhi Commission for Women (DCW) that she was being threatened with rape through social media.

Full Story >>

New Delhi [India], Feb.27 (ANI): Vice President M.Hamid Ansari has said there is a need to move towards implementing a framework of sustainability that synthesizes both the human and the environmental elements of security for sustainable human development.

Full Story >>

New Delhi, [India], Feb. 27 (ANI): A record amount of cash, liquor, drugs and jewellery was seized during the fifth phase of Uttar Pradesh (UP) Assembly elections, said the Election Commission on Monday.

Full Story >>

New Delhi [India], Feb.27 (ANI): Railways Minister Suresh Prabhu flagged off the fourth Humsafar class of trains and the first Antyodaya class of trains through video conferencing from Rail Bhawan on Monday.

Full Story >>

New Delhi [India], Feb 27(ANI): Delhi University student Gurmehar Kaur on Monday made it clear to her detractors that her opposition to the Akhil Bharatiya Vidyarthi Parishad (ABVP) was not on grounds of ideology, but on what actually happened in the Delhi University campus last week.

Full Story >>

New Delhi [India], Feb.27 (ANI): India and Ukraine have agreed to strengthen the bilateral cooperation between the two countries through the medium of cinema.

Full Story >>

New Delhi [India], Feb.27 (ANI): Union Minister of State Dr. Jitendra Singh inaugurated a group exhibition of paintings by Jammu artists at Lalit Kala Akademi here today.

Full Story >>