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The Dollar Business

New currency notes in ATMs from Friday: Govt - 0 views

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    The new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said on Wednesday. "There are going to be some difficulties which they (people) will face but for their convenience, a number of steps have been taken by the government, there are facilities to withdraw money from ATM and exchange currency at banks, withdraw money from accounts," he said on government withdrawing Rs 500 and Rs 1,000 notes from circulation to crack down on black money and counterfeit currency. People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down."
The Dollar Business

Govt extends usage of 500 & 1000 notes till 24th Nov - 0 views

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    With banks struggling to cope with rush to get alternative currency, the government has extended the use of old defunct Rs.500 and Rs.1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24.
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