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Ensure enough cash to meet cash demand post salary transfers: Govt to banks

Banks are expecting a huge number of footfalls due to expected disbursement in Jan Dhan accounts, women beneficiaries, pension accounts and PM Kisan beneficiaries, among others

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There will be heavy rush for the cash withdrawal starting April 1 as salaries will hit bank accounts

Press Trust of India
With salary day drawing near, the finance ministry has asked public sector banks to ensure enough cash to meet the heightened demand across the country amid the 21-day lockdown triggered by the coronavirus outbreak.

Bank branches have been asked to remain open for facilitating withdrawal of money to be credited through direct benefit transfer to accounts of farmers, old-age person, widow and disabled under the Pradhan Mantri Garib Kalyan Yojana.

Banks are expecting

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First Published: Mar 30 2020 | 7:49 PM IST

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