Wednesday, February 22, 2017

No plan to introduce new Rs 1,000 note : Shaktikanta Das

Economic Affairs Secretary Shaktikanta Das said today that There are no plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes. He also said, Complaints of cash (being) out in ATMs (are) being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others.

Anand Garollu, India services general manager, NCR Corporation, which makes and manages cash dispensers said today about 500 notes. He said, The moment there are Rs 500 notes at an ATM, people tend to queue up and keep the cash with them even if they don't need it. I believe this fear among the general public will take another few weeks to ebb and make things absolutely normal.


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