Note demonetisation: Devendra Fadnavis asks people to not panic

The overnight announcement to ban Rs 500 and Rs 1000 currency notes had created flutter among commoners as they rushed to ATMs to procure Rs 100 notes.

By: PTI | Mumbai | Updated: November 9, 2016 4:43 pm
maharashtra, maha govt, construction defence land, defence land construction, construction around defence land, maha construction defence land, mumbai news, indian express news Maharashtra CM Devendra Fadnavis. (File)

Describing the Centre’s decision to demonetise Rs 1,000 and Rs 500 denomination currency as “historic”, Maharashtra Chief Minister Devendra Fadnavis appealed to the people to not “panic”.

The overnight announcement to ban Rs 500 and Rs 1000 currency notes had created flutter among commoners as they rushed to ATMs to procure Rs 100 notes, even as many remained clueless about the details of the development. Automated Teller Machines (ATMs) and banks are to remain shut today and tomorrow in the wake of the decision.

WATCH VIDEO: Rs 500 & Rs 1000 Illegal: Scuffle At An ATM With People Queuing Up To Withdraw Money

“The historic decision will help eliminate the hurdle of corruption and flow of black money. The common man need not panic as the money earned through legal means is safe,” Fadnavis said in a statement issued here.

He urged people to get the currency notes, discontinued by the government, replaced when the banks open on Friday.

“There is a time period given, so don’t panic and crowd the ATMs and bank branches,” he said.

WATCH: Government Says New Currency Notes In ATMs From November 11

“Prime Minister Narendra Modi’s decision is revolutionary. There is no reason to panic. Lets all together fight this war against corruption and black money,” the CM said.

He also asked people to continue with their daily routine.