Demonetization of Rs 500 and Rs 1000 currency notes since November 8 midnight has created inconvenience to public.
Though banks have been started functioning across the state since November 10, several ATMs are not working or remained shut. People are complaining that they don’t get enough Rs 100 notes for transactions.
But Reserve Bank of India (RBI), Bhubaneswar, general manager Sarada Prasanna Mohanty on Saturday said sufficient currencies are available in 120 currency chests in the state. Currency notes of Rs 2000 and Rs 100 also available in Maoist-affected areas too, he added.
Mohanty said bank customers can withdraw Rs 10,000 cash per day and Rs 20,000 per a week while pensioners can withdraw more than Rs 10,000 cash on a single day.
He also said efforts are on to provide mobile banking service in non-banking rural pockets of the state.
“The banks have deployed business correspondents (BC) in rural areas where banking services are not available. People can exchange or deposit their money with them,” said Mohanty.
Sources said RBI has released notes worth 3,028 crore to different banks of the state within last three days. It has issued Rs 2000 notes worth Rs 2,720 crore and Rs 100 notes worth Rs 308 crore to the banks.
Courtesy: Piyush Rout ____ Demonitisation has hit small businesses hard across the city. Many shopkeepers are being forced to adopt digital payment mechanism although the sales continue to remain low. _____ How are you managing your daily expenses thee days? _____ #bhubaneswar #odisha #orissa #money #currency #business #banks #payment #atm #₹500 #₹1000 #₹2000 #queue #hassle #blackmoney #india #shops #smb #transactions #digital #payments #fruits #liquidity
Though the RBI and other banks have taken several steps to help the people in depositing and exchange of their banned currencies and withdrawal of money, the problems are not solved yet.
Long queues were seen in front of banks and ATMs on the third day of the opening of the banks since the demonetization chaos.
— News World Odisha (@newsworldodisha) November 9, 2016
People alleged that several ATMs were not working and ran out of cash. Some ATMs were showing a dialogue ‘temporarily out of service’ and people were running one counter to another in order to withdraw money.
Courtesy: The Times of India