Ready For Pay Day, Reserve Bank Tells Government As Bankers Brace For Cash Rush

New Delhi:

Pay Day is here and the Reserve Bank of India has assured the government that it is ready for higher withdrawals of cash in the next week, when most employers in the country pay salaries. All government presses are printing the new 500-rupee note to meet the massive demand for cash expected till December 7, the central bank has told the Finance Ministry, sources said.