The government today introduced the new series of 500 rupees denomination notes in New Delhi for the convenience of the people. <br/><br/>Ministry of Finance in tweet said, the new series of 500 notes was launched at SBI Parliament Street Branch. <br/><br/>Meanwhile, the Finance Ministry also reviewed the position regarding availability and distribution of all denomination of bank notes.<br/><br/>The Ministry said, Banks have been advised to arrange for separate queues for Senior citizens and Divyang persons for their convenience. <br/><br/>It has also asked the State Chief Secretaries to identify the rural pockets where availability of cash is a problem and provide all support to the Banks and Post Offices to ensure the last mile distribution is done through mobile banking vans and Banking Correspondents.<br/><br/> In view of the reports that certain business houses are not accepting Cheques, Demand Drafts and online payment transfer from customers, the Ministry said, in such cases customer can make a complaint to concerned District Magistrate and District Administration for action against such establishments<br/><br/>The government has also raised the weekly withdrawal limit to 24 thousand rupees from bank accounts, which was earlier 20 thousand rupees after the Demonetisation of 500 and 1000 rupees notes.<br/><br/> The withdrawal limit of 10 thousand rupees per day has been removed. <br/><br/>Ministry of Finance in a tweet said, withdrawal limits from ATM's has also been increased from 2000 rupees to 2500 rupees per day. <br/><br/>While exchange limit at banks has also been raised from 4000 rupees to 4500 rupees.<br/><br/>The finance ministry has also extended the last date for submission of the annual life certificate for pensioners from November to January 15, 2017.
News On AIR | November 13, 2016 9:08 PM
Govt launches new Rs 500 notes; raises weekly withdrawal limit