{"id":43874,"date":"2016-12-15T14:19:36","date_gmt":"2016-12-15T14:19:36","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=43874"},"modified":"2016-12-15T14:19:36","modified_gmt":"2016-12-15T14:19:36","slug":"cash-withdrawal-limit-eased","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/cash-withdrawal-limit-eased\/","title":{"rendered":"Cash withdrawal limit to be eased"},"content":{"rendered":"<p style=\"text-align: justify;\">The government is considering easing restrictions on cash withdrawals, starting with cooperative banks, once 80 per cent of the new currency is introduced into the system, a top official said .<\/p>\n<p style=\"text-align: justify;\">With 50 per cent or Rs. 7.5 lakh crore worth of remonetisation complete, queues at banks have reduced substantially and are visibly longer only in poll bound States like Uttar Pradesh and Punjab, he said.<\/p>\n<p style=\"text-align: justify;\">\u201cWithdrawal restrictions will first be relaxed for cooperative banks and then for all banks. And over time, as remonetisation is completed, they will be removed totally,\u201d he said.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-43876\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/bank-4-1.jpg\" alt=\"Cash withdrawal limit to be eased\" width=\"700\" height=\"415\" \/><\/p>\n<p style=\"text-align: justify;\">\u201cWe could not print all the currencies in one go because we wanted the money to be channelised in the system first,\u201d he said. \u201cWhen 80 per cent of new currency is pumped in into the system, withdrawal restrictions will be eased.\u201d<\/p>\n<p style=\"text-align: justify;\">Before the announcement of demonetisation, the government had arranged for the printing of 200 crore Rs 2,000 notes, or roughly about Rs 4 lakh crore in value. They were the first set of notes to be circulated.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-43877\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/CashLimit_6.jpg\" alt=\"Cash withdrawal limit to be eased\" width=\"630\" height=\"330\" \/><\/p>\n<p style=\"text-align: justify;\">Thereafter, new Rs 500 note was introduced and now all the four printing presses of RBI at Dewas in Madhya Pradesh, Nashik in Maharashtra, Salboni in West Bengal and Mysuru in Karnataka were working overtime to replenish the exhausted currencies.<\/p>\n<p style=\"text-align: justify;\">The official said the restrictions would be withdrawn once the situation stabilised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is considering easing restrictions on cash withdrawals, starting with cooperative banks, once 80 per cent of the new currency is introduced into the system, a top official said . With 50 per cent or Rs. 7.5 lakh crore worth of remonetisation complete, queues at banks have reduced substantially and are visibly longer only [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":43875,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2],"tags":[3811,14507,20892,20894,20895,2339,6605,1150,20896,14042,9630,8395,20893,4322,14595],"class_list":["post-43874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politicalnews","category-top-stories","tag-banks","tag-cash","tag-cash-withdrawal-limit-to-be-eased","tag-cooperative-banks","tag-dewas","tag-government","tag-madhya-pradesh","tag-maharashtra","tag-nashik","tag-new-currency","tag-punjab","tag-rbi","tag-restrictions","tag-uttar-pradesh","tag-withdrawal"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/Cash-withdrawal-limit-to-be-eased.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/43874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=43874"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/43874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/43875"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=43874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=43874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=43874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}