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Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of ₹ 500/- notes commenced; Instructions issued to the Banks and Post Offices to ensure proper distribution of all denomination notes including small denominations up to the last mile including through mobile banking vans and Banking Correspondents (BCs)

News and Press Release - Dated:- 14-11-2016 - The Union Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows:- 1. .....

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ers by either withdrawal from their accounts or withdrawal from ATM s or by exchange at the counter. Within these four days, the banking system has handled about 18 crore transactions. 2. Coordination is being continuously done by Ministry of Finance .....

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d to ensure the availability and distribution of small denomination notes. 4. Chief Secretaries of the States have been requested to identify the rural pockets, if any, where availability of cash has been a problem and provide all support to the Bank .....

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t houses etc. are not accepting Cheques/Demand Drafts and online payment transfer from customers. It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such est .....

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ns to the extent possible at major hospitals to carry out emergency banking transaction for patients. 7. Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons. Separate queues will also be arranged f .....

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and State Government staff. State Governments have been requested to facilitate opening of new Bank accounts as a part of financial inclusion programme. 9. The issuance of the new series of ₹ 500/- notes has already commenced. 10. Banks have be .....

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