With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps.
Following withdrawal of legal tender character of old Rs 500 and Rs 1,000 denomination notes from November 9, government has put restrictions on cash withdrawals from banks and ATMs. Currently, a person can withdraw up to Rs 24,000 in a week.
"The process of land purchase is going on routinely and it has no connection with demonetisation," he told reporters.
"The banks are, hereby, advised that they may continue to allow their existing customers to withdraw cash from their accounts up to Rs 24,000 per week, till further instructions. The said limit include withdrawals from ATMs," RBI said in a notification.
Through apps like Donething and bookmychotu.com, you can book people to run errands for you or even stand in your place in ATM queues.
V-Mart Retail, which has a network in tier II & III cities would allow cash withdrawal of up to Rs 2,000 from its store through ATM cards.
Just visited an ATM and there is a sign â€˜no cash‘ posted outside? It's time to open your smartphone, download these apps and locate the ATM nearby which can get you cash.
After a review meeting with RBI and senior bank officials held by chief secretary Basudeb Banerjee here, government sources said that "the entire situation has been reviewed and things are not normal".
Calling the move one of the "most unwise, ill-prepared decision any government could take", Singh said the ruling party showed a total lack of understanding as to what a huge misery the decision to scrap 86 percent of the currency in circulation would cause in a cash-based economy like India.
A week after the ATM recalibration exercise, kicked off by the Reserve Bank of India (RBI) task force, around 53 percent of total ATMs in the country have been recalibrated so far.
It will severely impact our production and export orders. We have requested the government to immediately take remedial measures," Export Promotion Council for Handicrafts (EPCH) Vice Chairman Rajesh Jain said.
The November 8 ban on high-value currency notes has sent India's economy into a tailspin, as citizens struggle to get their hands on new bills, hindered by a limited stock of freshly-printed notes, daily account withdrawal restrictions, long queues at banks and empty ATM machines.
State Bank of India has informed that it has blocked about 6 lakh cards, Minister of State for Finance Santosh Kumar Gangwar said in a written reply in Rajya Sabha.
A bench of Chief Justice G Rohini and Justice V K Rao said that it will take up the matter in December as the Supreme Court is seized with the petition of Centre seeking a stay on proceedings before various high courts and other courts against government's November 8 decision to demonetise high-value currency notes of Rs 500 and Rs 1,000.
"The Reserve Bank of India advise members of the public not to give credence to such ill-informed notions and ignore them and continue to accept these (Rs 10) coins as legal tender in all their transactions without any hesitation," RBI Principal Adviser Alpana Killiwala said.
Government said it has formed committees of senior officials to visit states and UTs and report status of implementation of its decision pertaining to demonetisation.
O P Sharma, a retired officer from Central Railway, claimed that the queues in the banks are getting shorter and situation is improving gradually.
The country‘s banking watchdog also said banks have disbursed Rs 1.03 lakh crore cash over the counter and through ATMs since November 10.
Rahul said people were alleging that cash was being taken out surreptitiously from the back door in the banks for a few "selected people" while there were long queues of common people waiting outside for hours.
Before heading to Parliament, Gandhi visited ATMs in several areas including Anand Parbat, Zakhira, Inderlok and Jahangirpuri where he enquired from people about the difficulties being faced by them following the Centre's decision to withdraw Rs 500 and Rs 1000 notes.
People can't bank the cash in their hand, nor lay their hands on the cash in their bank. As yesteryear screen villain Ajit famously never said, "It's like living in liquid oxygen. The liquid is choking them and oxygen is not allowing them to choke."
As India moves towards a combined trinity of Jan Dhan accounts, Aadhaar and e-wallets, a new cashless economy is likely to emerge. Here‘s a look at how the top three e-wallet players are getting benefited...
In an exclusive interview to CNBC-TV18, CEO Shikha Sharma gives a detailed account of how the cash crunch situation has so far been dealt with and sounds confident the system will tide over these issues over the next few days.
The government meanwhile eased restrictions on cash withdrawal by farmers and families in the middle of marriage and sowing season, and at the same time more than halved the limit for currency exchange to Rs 2,000.
Besides, it has also extended the deadline for payment of crop insurance premium by 15 days and permitted APMC-registered traders to withdraw up to Rs 50,000 per week.