The Prime Minister Shri Narendra Modi reviewed the position regarding the supply and availability of currency notes yesterday late evening and took certain decisions to further activate the dispensing of cash through the networks of Banking Correspondents (BCs), Post Offices, ATMs, Banks and E-payment systems https://www.taxtmi.com/news?id=16840 Banks will increase cash holding limits for Banking Correspondents, allow multiple daily replenishments, and activate post office branches to expand rural cash disbursement points. A Task Force will oversee ATM recalibration to enable dispensing of new banknotes while micro ATMs provide interim mobile withdrawals. Withdrawal limit structures were adjusted-removal of a daily cap and an enhanced weekly cap-and qualifying business accounts were permitted higher weekly drawing limits to support payroll and payments. E payment use is to be maximised with interim fee waivers and branch arrangements for public convenience were prescribed. en-us Mon, 14 Nov 2016 18:35:22 +0530 Mon, 14 Nov 2016 18:35:22 +0530 TaxTMI RSS Generator The Prime Minister Shri Narendra Modi reviewed the position regarding the supply and availability of currency notes yesterday late evening and took certain decisions to further activate the dispensing of cash through the networks of Banking Correspondents (BCs), Post Offices, ATMs, Banks and E-payment systems https://www.taxtmi.com/news?id=16840 Banks will increase cash holding limits for Banking Correspondents, allow multiple daily replenishments, and activate post office branches to expand rural cash disbursement points. A Task Force will oversee ATM recalibration to enable dispensing of new banknotes while micro ATMs provide interim mobile withdrawals. Withdrawal limit structures were adjusted-removal of a daily cap and an enhanced weekly cap-and qualifying business accounts were permitted higher weekly drawing limits to support payroll and payments. E payment use is to be maximised with interim fee waivers and branch arrangements for public convenience were prescribed. News - Mon, 14 Nov 2016 18:35:22 +0530 https://www.taxtmi.com/news?id=16840