It will take two-three weeks to recalibrate ATMs for new notes, says Arun Jaitley
The Finance Ministry constantly monitoring cash crunch: Arun Jaitley
It is a massive operation to replace 86 per cent of currency under circulation: Jaitley
The Finance Ministry is constantly monitoring the cash crunch following demonetisation of currency, said Finance Minister Arun Jaitley today while addressing a press conference on the issue of demonetisation.
"It is a massive operation to replace 86 per cent of currency under circulation," said Jaitley.
Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following demonetisation of Rs 500 and Rs 1,000 notes.
"SBI alone has done 2.28 crore transactions in past two days after demonetisation of currency; total banking transactions would be 4-5 times of that," added Jaitley.
The Finance Ministry constantly monitoring cash crunch: Arun Jaitley
It is a massive operation to replace 86 per cent of currency under circulation: Jaitley
The Finance Ministry is constantly monitoring the cash crunch following demonetisation of currency, said Finance Minister Arun Jaitley today while addressing a press conference on the issue of demonetisation.
"It is a massive operation to replace 86 per cent of currency under circulation," said Jaitley.
Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following demonetisation of Rs 500 and Rs 1,000 notes.
"SBI alone has done 2.28 crore transactions in past two days after demonetisation of currency; total banking transactions would be 4-5 times of that," added Jaitley.
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