Amid all the hullabaloo over demonetisation of Rs 500 and Rs 1,000, here comes a sigh of relief for the people. Finance Secretary Ashok Lavasa today announced that new Rs 500 notes and Rs 2,000 notes will be available in the ATM from November 11.
Prime Minister Narendra Modi created an uproar in the nation on Tuesday night with the announcement of the ban on high-value currency notes from the next day. It was followed by the introduction of new Rs 500 note Rs 2,000 notes by the RBI governor Urjit Patel and the secretary of the Department of Economic Affairs Shaktikanta Das. Taking another quick move, the RBI has been prepared to make the new currency notes available.
“New high-security Rs 500 and Rs 2000 currency notes to be available in ATMs from November 11,” said Lavasa. However, he mentioned that the act of issuing new notes will be done under close monitoring by RBI. “RBI to closely monitor fresh notes that would be issued,” added Lavasa.
Meanwhile, complimenting Centre’s move Harshavardhan Neotia, President, FICCI said “This is an extremely bold move by the Prime Minister and will have a debilitating impact on the parallel economy in the country as well as deal a body blow to terror financing. FICCI completely supports this move of the Government and complements it for its continuous and comprehensive measures to deal with the issue of black money in the country”.