New Rs 2000/- Notes will be available in ATMs Tommorrow says Indian Government

Indian Government said that New Rs 2000/- notes will be available in ATMs tomorrow as special team is working on recalibrating ATMs and increasing in Post offices for the cash supply. The government has also raised the daily limit of withdrawals from ATMs from Rs 2000 to Rs 2500 and exchange limit at banks from Rs 4000 to Rs 4500. Banks have also been asked to raise the weekly withdrawal limit to Rs24,000/-.

Rs 2000/- Notes

New Micro machines will be installed across India and the government would also raise the cash withdrawal limit of at least three-month-old current accounts to Rs 50,000 per week. The measures were announced after Prime Minister Narendra Modi held a meeting after midnight on Sunday to review the demonetization of the currency notes to put a check to black currency.

The Finance Ministry on Sunday said “Banks have received 3 Trillion Rupees ($44.4 billion) in deposits in the first four days since the currency ban.” The Old Rs 500 and Rs 1000 notes will be accepted for 10 more days at government hospitals, private nursing homes, petrol stations and as bills.