Govt comes up with more measures to ease rush to withdraw cash

RSTV Bureau
New Delhi : People standing in long queues to exchange their old Rs 500 and 1000 notes and withdraw cash from the ATM in New Delhi om Thursday.PTI Photo

New Delhi : People standing in long queues to exchange their old Rs 500 and 1000 notes and withdraw cash from the ATM in New Delhi om Thursday.PTI Photo

In a bid to ease the cash crunch, select petrol pumps, about 2500 of them, will be able to dispense cash. Cash up to ₹ 2,000 can be withdrawn by swiping the debit cards at these pumps.

“It has been decided that an amount up to Rs 2000 per day per person in cash can be dispensed against swiping of debit card from select petrol pumps where POS machines of SBI are already available,” an official said.

This new move is aimed at shortening the queues outside banks and ATMs where cash-strapped people have been consistently queueing up for hours to and withdraw and even exchange the now defunct notes of ₹ 500 and ₹ 1000.

As of today, the banks and post offices will only exchange defunct notes worth ₹ 2000, and the rest will be deposited in your account.

Ten days ago, on the evening of November 8, Prime Minister Narendra Modi demonetised the high-currency notes of ₹ 500 and ₹ 1000.

The government also announced some relief measures for farmers and on those families who were planning weddings.

Not just that, the government extended the date for toll fee exemption on National Highways till the mid-night of November 24 to ensure smooth flow of traffic.

Earlier the government had announced to keep the toll collection in abeyance till November 11 mid-night which was later extended to November 14 and then November 18.

“For smooth traffic movement across all National Highways, toll collection has now been suspended till mid-night of November 24,” Road Transport and Highways Minister Nitin Gadkari told PTI.

The government’s earlier decision to accept the withdrawn notes at toll plazas till November 11 mid-night led to chaos in the absence of adequate change, causing massive traffic snarls.

When asked about the loss due to non-collection of toll fee, Gadkari said that the government would bear it.

(With inputs from PTI)