There is enough cash available with banks, keep patience: RBI tells Public

Mumbai, Nov 11 (KNN) RBI has assured the general public that there is enough cash available with banks and all arrangements have been made to reach the currency notes all over the country.

Bank branches have already started exchanging notes since November 10, 2016, it said.

In a statement issued today, the Reserve Bank of India has said that consequent to the withdrawal of Legal Tender Character of existing ₹ 500 and ₹ 1000 Bank Notes, it has made arrangements to distribute the notes in new ₹ 2000 and other denominations across the country.

Meanwhile, there is also little panic amongst people waiting to exchange notes at the banks as the banks are scheduled to be closed on the coming Monday, November 14, 2016 on account of Gurupurab.

So far, RBI has not issued any notification regarding banks to remain open on Monday as well.

According to RBI website, as mentioned in a media report, the 15 cities where banks would remain closed on Monday include – Chandigarh, Bhopal, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Ranchi etc.