Thursday, December 8, 2016

New Rs 500 Notes will be in Full Circulation from 15th December

Meeting  of chief ministers to discuss the problems faced by people post demonetization has ended today in Mumbai .The members discussed the immediate relief measures to be taken to reduce the sufferings people are facing post demonetization.Our chief minister Shri Nara chandrababu Naidu who also is the convenor of the committee on post demonetization crisis and digital transactions elaborated regarding the cashless services operative at Ration shops.He also asserted to cancel the bank charges levied on digital transactions.


New Rs 500 Notes will be in circulation from 15th December

However, banks have agreed to cancel the charges only on Aadhar linked Financial transactions.In the meeting Reserve Bank of India (RBI)  announced that they will bring new Rs 500 notes in to circulation from 15th of this month.Also every day they will keep Rs 5000 crores available  for utilization.Also proposal has been made to provide incentives to those who carry digital transactions.Also ithas been decided to QR code to all Banks and commercial complexes, and USSD technology for digital transactions


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