Telangana News

Rs. 2000 notes will be available from tomorrow in the ATMs across the country, Finance Ministry said in a press conference.

“The focus of the Govt is to activate all channels whereby cash is dispensed to the public,” said Shaktikanta Das, Economic Affairs Secretary. 

Keeping in mind the problems of the public in withdrawing the cash from the ATMs, the Mr Das also said that, the government would arrange a large number of micro-ATMs across the country. He further added that the higher cash withdrawal limit of Rs 2,500 would only be for recalibrated ATMs.

"Number of recalibrated ATMs will be enhanced within the next few days, a task force is being set up under the Deputy RBI Governor. RBI has informed enough cash is available in system, there is no need for panic; situation will ease in coming days,” he said.

Unlike earlier, which the government announced that customer can withdraw the cash only once in a day, the customers will now be allowed to withdraw multiple times. Banks will also be increasing the cash holding limit of banking correspondents to Rs 50,000.