Live: Shaktikanta Das addresses media, says no charge on debit card usage

The government's decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.

By: Express Web Desk | New Delhi | Updated: November 23, 2016 1:03 pm
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Economic Affairs Secretary Shaktikanta Das is briefing the media on demonetisation and is likely to give further updates on the government’s move. It’s decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.

WATCH VIDEO: Demonetisation: Relief For Common Man: Find Out More

Earlier on Sunday, Das had clarified that concession, given to farmers and to those having wedding in house, to withdraw up to Rs 25,000 per week from their bank accounts has been not been withdrawn by the government.  In addition, traders who are registered with the Agricultural Produce Market Committee were allowed to withdraw up to Rs 50,000 per week for a smooth procurement process.

While concessions have been made for families that have an forthcoming wedding, the amount of money that an individual can exchange by handing over the old Rs 500 and Rs 1,000 notes in banks has been lowered to Rs 2,000 since last Friday.

 

Sajin Saju November 23, 201611:09 am

These measures are aimed at mitigating the distress resulting from the government’s move to demonetise Rs 500 and Rs 1,000 notes.

Sajin Saju November 23, 201611:08 am

NABARD has sanctioned Rs 21,000 crore limit to DCCBs: Shaktikanta Das

Sajin Saju November 23, 201611:06 am

National Bank for Agriculture and Rural Development and Reserve Bank of India have been advised to ensure adequate cash supply is available to the District Central Cooperative Banks: Shaktikanta Das

Sajin Saju November 23, 201611:00 am

Economic Affairs Secy said 82,000 ATMs have been re-calibrated so far and the rest of them will be re-calibrated within few days.

Sajin Saju November 23, 201610:58 am

No service charge will be levied on digital financial transactions using feature phones till December 31st: DEA Secy

Sajin Saju November 23, 201610:56 am

According to DEA Secy, public banks have informed him that there has been a surge in demand for usage of digital financial transactions.

Sajin Saju November 23, 201610:49 am

RBI doubles e-wallet limit to Rs 20,000: DEA Secy.

Sajin Saju November 23, 201610:49 am

Railways will waive service charges on e-ticket booking till Dec 31: DEA Secy

Sajin Saju November 23, 201610:48 am

No service charge on use of debit cards. Public banks and a few private banks will waive the charge: DEA Secy Shaktikanta Das.