Mon, May 1, 2017 | updated 04:04 AM IST

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

Updated: Nov 15, 2016 08:29 IST      
Will soon dispense 20, 50 rupee notes to help public: SBI Chief

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)

'Frustrated' AAP needs introspection: BJP

Updated: May 01, 2017 03:39 IST     

New Delhi [India] May 1 (ANI): Mocking the dispute within the Aam Aadmi Party (AAP), the Bharatiya Janata Party (BJP) on Monday said an outsider cannot split a party, adding the former's frustration is visible because of the recent loss in the Municipal Corporation of Delhi (MCD) elections.

Full Story >>

Real Estate Act comes into effect from today

Updated: May 01, 2017 03:25 IST     

New Delhi [India], May 1 (ANI): Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1 with the Real Estate (Regulation & Development) Act, 2016 coming into force.

Full Story >>

New Delhi [India] May 1 (ANI): Supporting Union and Broadcasting Minister M. Venakaiah Naidu's opinion on abolishing the Triple Talaq norm among the Muslims, Bharatiya Janata Party (BJP) leader Subramanian Swamy on Monday said women and men in the nation have equal rights, adding the notion of this controversial divorce practice is immoral.

Full Story >>

'Complaint Box' AAP is crumbling under its own weight: BJP

Updated: May 01, 2017 02:40 IST     

Mumbai/Bengaluru (Maharashtra/Karnataka) [India], May 1 (ANI): Taking a jibe over the infighting within the Aam Aadmi Party (AAP), the Bharatiya Janata Party (BJP) on Monday said after a series of defeats in elections, the Arvind Kejriwal-led party is crumbling under its own weight.

Full Story >>

No help from JNUSU shows support to naxalism: ABVP

Updated: May 01, 2017 01:58 IST     

New Delhi [India] May 1 (ANI): Hours after an assistant professor of the Jawaharlal Nehru University's (JNU) car was vandalised by an unknown person and stones were pelted at his house for condoling Sukma and Kupwara killing, Akhil Bharatiya Vidyarthi Parishad (ABVP) leader and former joint secretary of Jawaharlal Nehru University Students' Union (JNUSU) Saurabh Sharma said no kind of condemnation by the current JNUSU and Jawaharlal Nehru University Teachers' Association (JNUTA) indicate secret support to naxalism and terrorism.

Full Story >>

India, Turkey to hold bilateral talks today

Updated: May 01, 2017 01:43 IST     

New Delhi [India], May 1 (ANI): With the arrival of Turkish President Recep Tayyip Erdogan's arrival in New Delhi, India and

Full Story >>

DA case: Court to hear Virbhadra Singh's wife's plea

Updated: May 01, 2017 01:40 IST     

New Delhi [India], May 1 (ANI): A Delhi Court will on Monday hear Himachal Pradesh Chief Minister Virbhadra Singh's disproportionate assets case in which his wife Pratibha Singh had filed a plea alleging non-compliance with rules by the Central Bureau of Investigation (CBI) in filing a chargesheet.

Full Story >>

BJP Mayor, MLA demand ban on mobiles for school girls

Updated: May 01, 2017 01:08 IST     

Aligarh (Uttar Pradesh) [India] May 1 (ANI): Two Bharatiya Janata Party (BJP) leaders from Uttar Pradesh's Aligarh district have stirred up a controversy by demanding a ban on carrying mobile phones by school girls.

Full Story >>

New Delhi [India], May 1 (ANI): A four-day Naval Commanders' Conference is scheduled at New Delhi from May 2 to 5.

Full Story >>

SC to hear plea on police vacancies

Updated: May 01, 2017 00:44 IST     

New Delhi [India], May 1 (ANI): The Supreme Court will on Monday hear a plea filed by lawyer Manish Kumar on police vacancies in six states.

Full Story >>

Yogi Adityanath: A firebrand leader and an animal lover

Updated: May 01, 2017 00:30 IST     

New Delhi [India], May 1 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath started his Sunday with his ritualistic practice of feeding cows and calves in the cowshed of his parliamentary constituency Gorakhpur.

Full Story >>

Petrol, diesel price see marginal hike

Updated: May 01, 2017 00:23 IST     

New Delhi [India], May 1 (ANI): The prices of petrol and diesel were hiked, being effective from today midnight.

Full Story >>

FIR against paraglider pilot for molesting tourist

Updated: May 01, 2017 00:23 IST     

Kangra (Himachal Pradesh) [India], May 1 (ANI): The Himachal Pradesh Police have registered an FIR against a paraglider pilot for allegedly molesting a tourist from Mumbai.

Full Story >>

New Delhi [India], April 30 (ANI): Delhi Law Minister Manish Sisodia has issued strict instructions to the Law Department stating that a legal advice sought by any department of the government must seek approval from him.

Full Story >>

J-K: Terrorists open fire in Pulwama, one injured

Updated: May 01, 2017 00:02 IST     

Pulwama (Jammu and Kashmir) [India] Apr 30 (ANI): A civilian was injured in Jammu and Kashmir's Pulwama when some terrorists opened fire.

Full Story >>

Srinagar (Jammu and Kashmir) [India], April 30 (ANI): After achieving success with its Kashmir Super-40 initiative, which provides coaching for the youth for Engineering Entrance Exams, the Indian Army has further expanded the coaching programme to 50 students with immediate effect.

Full Story >>

Hyderabad (Telangana) [India], April 30 (ANI): The Hyderabad Police arrested eight people and seized Rs. 4.41 crore in 500 and 1000 demonetised currency on Sunday.

Full Story >>

New Delhi [India], Apr 30 (ANI): The prices of petrol and diesel were hiked, effective Sunday midnight. While the price of petrol was raised by one paise per litre, diesel prices were hiked by 44 paise a litre.

Full Story >>

Mumbai (Maharashtra) [India], Apr 30 (ANI): Remembering late Bollywood actor and Bharatiya Janata Party (BJP) MP Vinod Khanna, Lok Sabha Speaker Sumitra Mahajan on Sunday said he was a silent hard working leader, who was very sincere towards uplifting his constituency.

Full Story >>

Flat buyers file complaint against Jayaprakash Infratech

Updated: Apr 30, 2017 22:09 IST     

New Delhi [India], April 30 (ANI): An FIR has been filed by a home-buyer against Jayaprakash Infratech's Aman Township for failing to give possession of their flats despite depositing the required money.

Full Story >>