Indelible Ink Mark to avoid multiple transactions : Not applicable for withdrawal or deposit
To prevent such misuse of the facility and enable larger
number of persons to draw cash, indelible ink used during elections
shall be used for over the counter exchange against old Rs.500/- and
Rs.1000/- notes. This is not applicable in the case of withdrawal from or deposit into accounts.
Cash disbursement points, especially Bank branches will be advised to put-up notices outside their branches advising people to avoid exchange of old notes over the counter multiple times.
The Ministry of Civil Aviation has decided to suspend the collection
of parking charges at all airports till midnight of 21 November 2016.
This has been done in order to facilitate the smooth movement of
passengers.
Indelible Ink Mark to avoid multiple transactions
The Central Government has
announced that banks will mark with indelible ink the fingers of people
exchanging old currency at bank counters to stop them from coming back
repeatedly and avoid multiple transactions.
The drawing limits against Bank
Accounts and from ATMs and over the cash disbursement have also been
increased. It was noted that one of the primary reasons for long queues
was that the same persons were visiting Bank branches, ATMs etc.
repeatedly. It was also noted that certain unscrupulous elements are
using the services of poor and innocent people to convert their black
money into white.
Cash disbursement points, especially Bank branches will be advised to put-up notices outside their branches advising people to avoid exchange of old notes over the counter multiple times.
Parking Charges at Airports suspended till 21.11.16
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