In a bid to quickly start the process of marking indelible ink as a measure to stop people repeatedly coming to banks to exchange old currencies, it is being airlifted to different part of the countries.
In a bid to quickly start the process of marking indelible ink as a measure to stop people repeatedly coming to banks to exchange old currencies, it is being airlifted to different part of the countries. With the constant reports of the people were heading back to banks again and again chocking queues, the Centre announced on Tuesday to use the ink marks, similar to election on the right index fingers on cash counters. Implementing the order immediately, the process began in several banks of Punjab and Delhi on Wednesday. From the morning with the opening of the banks, the employees were seen marking ink as per the order.
After a review meeting taken by Prime Minister Narendra Modi on Monday to discuss the situation post demonetisation of old currency notes, the secretary of the Department of Economic Affairs Shaktikanta Das had said that they received reports that certain unscrupulous elements had made organised groups of innocent people with the intention to convert black money into white. They were sending them from one branch to another branch to exchange notes and as a result the benefit of withdrawal of cash is getting restricted to smaller number of people, he said.
Thus, to prevent this, he announced the measure and directed the banks to implement it from the following day. As many banks do not have the ink and therefore unable to follow the directions, the ink is being airlifted to all the regions, he said.
At the moment, the daily exchange limit of old currency notes of Rs 500 and Rs 1,000 from bank counters is Rs 4,500.