New Notes In Atms

The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.

"It has come to bank's notice through reports that some fake Rs 2,000 notes have reportedly been dispensed by SBI's ATM at Sangam Vihar, New Delhi on February 6," the bank said in a statement.

A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".

The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.

The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.

Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.

The queues are almost gone and ATMs are largely back to normal, but images of India queuing up to deposit old notes and take out new ones are engraved in our memory.

Prime Minister Narendra Modi addressed the nation on the notes ban, which he announced on November 8 without warning as a big step to check tax evasion. The deadline to deposit banned 500 and 1,000 notes in banks ended yesterday. Restrictions on the withdrawal of money from banks and ATMs are likely to continue. The notes that were cancelled amount...

Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.

The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...

On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.

The government today said that the new 500 and 2,000-rupee notes have been completely designed in house and so their security features are very secure.

There have been over 200 searches across the country for black money since the notes ban and crores have been found in new 2,000-rupee notes that are not so easily available at banks and ATMs yet.

The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.

"It has come to bank's notice through reports that some fake Rs 2,000 notes have reportedly been dispensed by SBI's ATM at Sangam Vihar, New Delhi on February 6," the bank said in a statement.

A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".

The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.

The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.

Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.

The queues are almost gone and ATMs are largely back to normal, but images of India queuing up to deposit old notes and take out new ones are engraved in our memory.

Prime Minister Narendra Modi addressed the nation on the notes ban, which he announced on November 8 without warning as a big step to check tax evasion. The deadline to deposit banned 500 and 1,000 notes in banks ended yesterday. Restrictions on the withdrawal of money from banks and ATMs are likely to continue. The notes that were cancelled amount...

Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.

The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...

On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.

The government today said that the new 500 and 2,000-rupee notes have been completely designed in house and so their security features are very secure.

There have been over 200 searches across the country for black money since the notes ban and crores have been found in new 2,000-rupee notes that are not so easily available at banks and ATMs yet.