RBI relaxes residents notification `4,500 withdrawal every day
Ludhiana: Reserve Bank of India has issued notification regarding the withdrawal of Rs 4500 per day from January 1, 2017 which has relaxed the citizens of India. However there is need of flow of cash among different ATMs.
But still there is need of proper cash flow among the different city banks. However there is still cash crunch in the city as promised by Prime Minister Narendra Modi there would no cash crunch after 50 days of demonetization.
But still higher officials of different banks claimed that and issued their statement few days back that cash crunch problem would be there at the end of month of February.
However large numbers of ATMs were seen closed or without cash though people have to suffer from several various people. Some of the Atms were seen working. Residents are also appealing to bank authorities to function their ATM. People are not able to complete their basic facilities as invalid currency has made several problems.
There is also no new currency of Rs 500 at different ATMs and people would not able to cash out Rs 4500.