No need to panic, cash being airlifted from Kolkata to NE: SBI

Image
Press Trust of India Guwahati
Last Updated : Nov 09 2016 | 7:57 PM IST
Assuring customers that there is no need to panic in the wake of demonetisation of Rs 500 and Rs 1,000 currency notes, a senior SBI official today said cash is being airlifted from Kolkata to the Northeastern region.
"There is no need to panic. No need to worry. There is no shortage of Rs 100 notes. Cash is being airlifted from Kolkata from today itself for the Northeastern states," SBI North East Circle Chief General Manager PVSLN Murty told reporters here.
Cash requirement of Northeastern states is met through supplies from Kolkata and is generally brought by road and rail routes, he added.
"No need to rush to the banks tomorrow to exchange your Rs 500 and Rs 1,000 notes. But if you still want, you can go and exchange the old currency notes and get up to Rs 4,000 per person.
"People have time till December 30 to deposit their cash in hand and there is no need to rush," Murthy said.
He also appealed to the public to use their debit and credit cards and other online payment facilities for the next few days.
To handle the extra rush of customers, all banks will open extra cash disbursement counters and will remain open for public transaction for additional two hours till 6 pm for some time, the SBI CGM said.
Banks will reopen tomorrow and the ATMs will be functional from the day after, Murty said.
"New Rs 2,000 notes will also be disbursed through those counters...," he added.
Regarding several places in the Northeast located in remote areas with no bank branches, Murty said SBI will make the best effort to reach them to ensure people face minimum problems.
Two helpline numbers -- 0361-2237596/ 2237979 -- have been activated by SBI for its customers in the region, Murty said.
SBI has 746 branches spread across the seven Northeastern states and over 3,100 ATMs and 245 cash deposit machines, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 09 2016 | 7:57 PM IST

Next Story