NEW DELHI: The new, high security Rs. 2000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance secretary Ashok Lavasa said on Wednesday.
"There are going to be some difficulties which they (people) will face but for their convenience, a number of steps have been taken by the government. There are facilities to withdraw money from ATMs and exchange currency at banks, and also withdraw money from accounts," he said on the government
withdrawing Rs. 500 and Rs. 1000 notes from circulation to crack down on black money and counterfeit currency.
Lavasa said that people need money for transactions, and hence replacement of the defunct currency is being introduced. "The RBI will very strictly monitor it," Lavasa said. "For any transaction, there are different ways, and the intention of the government is to move towards cashless transactions"
When asked about the slump in stock market indices, the secretary said, "The market would have reacted to several other developments. Let's wait and watch."
"If there is anything required to be done by the,m I am sure they will take a look and take appropriate decisions at the right time," Lavasa said on market regulator Sebi looking into the crash.