Demonetisation: Provide security for cash deposit, exchange, says UP Chief secretary to police, officials

Rahul Bhatnagar asked all divisional commissioners and districts magistrates to ensure the new currency notes reach banks on time and directed banks to set up additional counters.

By: Express News Service | Lucknow | Published:November 10, 2016 3:37 am
T R Ramachandran , Visa card, Mastercard, credit cards, debit cards, demonetisation, no 500- 1000 rupee notes, BJP, Indian economy, cashless economy, indian express news In a move that has rattled the nation, Prime Minister Narendra Modi on Tuesday abolished Rs 500 and Rs 1,000 notes effective from Tuesday midnight.

A day after Prime Minister Narendra’s Modi’s move to demonetise Rs 500 and Rs 1,000 currency notes, State Chief Secretary Rahul Bhatnagar Wednesday held a special meeting where he instructed the regional director of RBI, senior police and administration officers and bankers to make “adequate arrangements to provide security to account holders going to banks and facilitate deposit or withdrawal of money”.

Bhatnagar asked all divisional commissioners and districts magistrates to ensure the new currency notes reach banks on time and directed banks to set up additional counters.

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The chief secretary also ordered the setting up of a state-level control room comprising senior bank representatives to address probable issues and create a link between banks and district administration so that experts could help the administration resolve issues and vice-versa. Display boards and panels must be put up in banks in both urban and rural areas with necessary information, he added.

Later in the day, Ajay Kumar, regional director of RBI, released an official communication which said that all banks would be open on November 10 and arrangements were being made for exchanging, withdrawing and depositing cash. However, ATMs would start functioning from November 11, said the communication.