Govt goes on overdrive to ease cash flow, sets up task force to expedite recalibration of ATMs
Government has set up a task force under the chairmanship of RBI Deputy Governor S S Mundra to ensure that ATMs across the country are ready to dispense higher denomination notes in the shortest time.
Nov 14, 2016, 17:19 PM IST
Did banks ignore RBI order on Rs 100-ATMs before demonetisation?
In anticipation of the huge demand for lower currency notes, ahead of the demonetisation move, the Reserve Bank of India had asked banks to set up Automated Teller Machines which dispensed only Rs 100 notes.
Nov 14, 2016, 16:58 PM IST
Demonetisation: FinMin begins daily review exercise to ease cash crunch
Nearly a week after the government withdrew Rs 500 and Rs 1,000 notes as part of a crackdown against blackmoney and corruption, queues outside banks and ATMs have only got longer.
Nov 14, 2016, 16:32 PM IST
2 bank employees exchange Rs 6 lakh without ID, get booked for cheating
Police in Hyderabad booked two employees of a bank for exchanging demonetised notes worth Rs 6 lakh without identification proof.
Nov 14, 2016, 14:11 PM IST
This is why filling up ATMs has become a challenge for banks
Filling around 200,000 automated teller machines with the new Rs 500 and Rs 2,000 currency notes nationwide is a mammoth task for the companies offering such services.
Nov 13, 2016, 15:20 PM IST
Demonetisation: Help people standing in queue at banks, Rahul Gandhi tells party workers
A day after standing in a queue at a bank, Congress Vice President Rahul Gandhi on Saturday appealed to his party workers and the youth of the nation to help people standing in queues at banks and ATMs due to the demonetisation move.
Nov 12, 2016, 21:26 PM IST
PM Modi hints at more action to expose black money hoarders
Hinting at more action to unearth black money, Prime Minister Narendra Modi today said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
Nov 12, 2016, 14:50 PM IST
Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'
As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.
Nov 12, 2016, 11:45 AM IST
SBI gets Rs 53,000 crore deposits till mid-day
SBI Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.
Nov 11, 2016, 17:18 PM IST
Gujarat: Long queues continue at banks, ATMs and POs
Panic-stricken citizens queued outside banks, post offices and ATMs across Gujarat on the second consecutive day to get new currency notes in exchange for their now defunct bills following Centre's move of demonetising Rs 500 and Rs 1,000 notes.
Nov 11, 2016, 15:01 PM IST
Govt working hard to address problems faced by people post demonitisation steps: Venkaiah Naidu
Nov 11, 2016, 11:04 AM IST
ATMs will start functioning from midnight with new currency notes: Arun Jaitley
Jaitley said there was no need to panic as there was sufficient cash and that ATMs would start functioning from midnight tonight.
Nov 10, 2016, 18:52 PM IST
Demonetisation of currency: Events as they unfolded on November 10, 2016
In a big relief for common man, banks re-opened on Thursday to dispense new notes in exchange for old Rs 500 and Rs 1,000 notes.
Nov 10, 2016, 09:50 AM IST
Banks re-open: Explained everything – from exchanging Rs 500, Rs 1000 notes to deposits, withdrawals and ATM transactions
With banks re-opening on Thursday after government ban on Rs 500, 1000 notes, people were seen rushing to their nearby banks to deposit cash, exchange their high denomination notes, but were seen facing many difficulties and had to return back, because of invalid or no documents.
Nov 10, 2016, 09:26 AM IST
Relief for Aam Aadmi! Banks to be open on Saturday and Sunday; new notes from Thursday
In a major relief for the common man, all banks across the country will remain open on this Saturday and Sunday for the conveniences of the customers.
Nov 09, 2016, 18:24 PM IST
State Bank of India to set up exchange centres, branches to be open till 6 pm
SBI Group which includes all its five subsidiaries has 55,000 ATMs and 7,000 cash deposit machines (CDMs). SBI alone has close to 17,000 branches and serves tens of millions of customers.
Nov 09, 2016, 17:26 PM IST
New currency notes to be available in ATMs from Friday: Govt
The new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said on Wednesday.
Nov 09, 2016, 14:34 PM IST
What Modi govt wants you to do with your Rs 500, Rs 1000 notes – Explained in simple steps
With Prime Minister Narendra Modi announcing that Rs 500 and Rs 1000 will no longer be legal tender from midnight Tuesday, that is 8th November 2016, crores of people are in a limbo as to what to do with the high denomination currency notes in their possession.
Nov 09, 2016, 09:24 AM IST
Govt notifies demonetisation of Rs 500, Rs 1,000 notes: How to use ATMs, make payments through cheques and demand drafts
Modi government's decision to ban currency notes of Rs 500 and Rs 1,000 has come as a huge shocker, with many questions lingering in one's mind.
Nov 09, 2016, 08:46 AM IST
Rs 500 and Rs 1,000 notes banned: Dos and Dont's
High denomination notes of Rs 500 and Rs 1000 will no longer be legal tender, Prime Minister Narendra Modi announced as he declared a "decisive" war against black money.
Nov 09, 2016, 07:58 AM IST