Demonetisation: Here are the govt’s new measures to ensure everyone gets cash

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In order to provide respite to cash-starved citizens, the government not only decided to increase the withdrawal and exchange limits in banks and ATMs across the country but also directed banks to guide  ‘anxious’ customers in filling the forms and provide customers waiting in queues with tea, coffee and biscuits.

Here are the different measures undertaken by the govt:

1. The government advised banks and the National Payment Corporation of India (NPCI) to waive charges on e-transactions till December 31. Following this, NPCI waived till year-end the switching fee for all RuPay issuing and acquiring member banks for point of sales and e-commerce transactions

Related Story: Demonetisation impact: Parallel black economy may be emerging

2.The limit for various categories of withdrawals has been raised, exemptions extended till November 24, and micro-ATMs will be deployed in rural and semi-urban centres.

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