Banks, post offices are going to work overtime to exchange Rs 500, Rs 1000 notes
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Banks will remain shut tomorrow to allow stocking of smaller currency notes and public will be allowed to tender their now invalid Rs 500 and Rs 1000 from November 10.
However, people can deposit any amount of the
Any unusual transaction will be reported to
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The cash withdrawal limit has been set to Rs 2000 per day from ATMs and Rs 10,000 from the accounts.
The cash withdrawal limits will be relaxed gradually as small currency denomination notes are adequately stocked with banks and ATMs and new currency notes come into wide circulation.
"All the banks (and) post offices will open additional counters and we have requested the banks to have extended hours for transactions...ample time will be available for the public (to exchange notes)," Das said.
(image: IndiaTimes)
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