New Delhi: andhra pradesh Chief minister N. chandrababu naidu entreated the center to withdraw Rs 500 forex notes in a bid to clamp down on corruption.
Chandrababu Naidu, who is additionally the president of the telugu desam party (TDP), a bjp ally, made this request at some point during the inaugural speech at tdp Mahanadu—the party's annual three-day mega conference—in kadapa district.
Naidu, in the course of his deal with Inside the Convention, entreated that authorities ought to introduce wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currency in the USA and demonetize Rs 500 and Rs 2,000 notes.
Meanwhile, in related currency/denomination information, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) these days issued a brand-new notification on the dispensation of Rs 100 and Rs 200 denomination banknotes through ATMs.
RBI stated, as a part of an endeavor toward improving public access to often-used denominations of banknotes, it's been decided that every bank and White Label ATM Operator (WLAO) shall make sure that their ATMs dispense Rs 100 and Rs 200 denomination banknotes on an ordinary basis, in step with the following milestones:
1. By using september 30, 2025, seventy-five percent of all ATMs shall dispense both Rs one hundred and Rs two hundred denomination banknotes from at least one cassette.
2. By march 31, 2026, 90% of all ATMs shall dispense both Rs 100 and Rs 200 denomination banknotes from at least one cassette.
The Reserve bank had introduced the Rs 200 denomination notes in 2017.
RBI stated that the advent of this denomination is predicted to facilitate exchange transactions for the commonplace guy and provide a complete series of denominations for transactions at the decrease cease.
"These notes are available only thru select RBI offices and banks, as is ordinary whilst a new denomination of notes is brought and the delivery will increase progressively. However, the production of these notes is being ramped up by means of the currency printing presses, and over time, as extra notes are printed, they are going to be disbursed across the U.S. via the banking channels and will be available to the public in good enough amounts," RBI had said..jpg)
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