2016-11-14 Mon

The limit of ATM withdrawals for recalibrated machines has been increased to Rs 2,500 and the exchange limit over the counter has been increased to Rs 4,500 officially. The weekly limit for withdrawal has been increased Rs 24,000 and the limit of Rs 10,000 per day has been removed.

Arrangements are being made for the availability and distribution of small denomination notes. Distribution of currency in rural areas and near major hospitals is being advised to be made through mobile banking vans and Banking Correspondents (BCs).

Complaints against Hospitals, caterers, tent houses etc. that are not accepting cheques, demand drafts and online payment transfer can be made to district magistrates or the district administration.

Separate queues for senior citizens and those with disabilities will be initiated by banks.

The last date for submission of the annual life certificate for government pensioners has been extended to 15th January 2017.

Banks are asked to issue more number of mobile wallets and debit/credit cards and provide them to those who do not have access to these non-cash means of payment.

The finance ministry, RBI and post offices are making adjustments and arrangements to make notes of all denominations available at all locations.

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