PM’s mother gets to the bank to exchange notes
While the queues outside banks and ATMs continued on Tuesday, Prime Minister Narendra Modi’s mother, Heeraben, 95, reached a bank in Gandhinagar of Gujarat to exchange amount of Rs 4,500.
Reportedly she came on a wheelchair but walked when she arrived at the bank, with the help of people. Visuals from the reports also showed people assisting her as she signed the documents for the exchange. She also posed with smile after receiving the new Rs 2,000 currency note along with two bundles of Rs 10.
After the banks opened today after holiday yesterday on the occasion of Gurpurab, the ever-increasing queues in front of the banks and ATMs continued after the demonetisation introduced by PM Modi on November 8.
The step had caused chaos all over the country, with public slowly losing patience with each passing day in the never-ending and painfully long queues. The limited availability of cash across the country, irked the public and the government tried to ease out the difficulties in various ways like raising daily withdrawal limit from bank counters and ATMs as well as hiking the amount of old and now defunct currency notes that can be exchanged to November 24.
The limit for exchange of old and now defunct Rs 500 and Rs 1,000 notes for freshly minted Rs 2,000 and new Rs 500 notes was increased from Rs 4,000 to Rs 4,500 per day. And also the weekly limit of Rs 20,000 for withdrawal from bank counters has been increased to Rs 24,000. The maximum limit of Rs 10,000 per day on such withdrawals has been removed.
Additionally, Reserve Bank of India (RBI) has removed the transaction tax from all the ATMs to let the public use any ATM available to withdraw the new currency introduced by the government. Also, smaller denomination of notes like Rs 10, Rs 20 and Rs 50 are also expected to be infused in the ATMs to be circulated across in the transactions being done on regular basis.