Finance Secretary Ashok Lavasa said that the new currency notes will be available at bank ATMs when they start operating again from Nov 11. Speaking about government’s decision to demonetise Rs 500 and Rs 1000 notes to crack down on black money and counterfeit currency, Lavasa hoped that people cooperate in dealing with the difficulties and inconvenience they might face, while assuring that the things will eventually settle down. He further said that the Reserve Bank of India will strictly monitor all the transactions, adding that government’s intention is to move towards cash less transaction. Yesterday, Prime Minister Narendra Modi had said that Rs 500 and Rs 1000 notes will no longer remain legal effective midnight, adding that people can exchange old currency notes between November 10 and December 30 at banks & post office accounts.
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