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Indelible ink to prevent multiple cash withdrawals
TIWN Nov 15, 2016
Indelible ink to prevent multiple cash withdrawals
PHOTO : New notes received from banks at Agrtala. TIWN Pic Nov 15

NEW DELHI / AGARTALA, Nov 15 (TIWN): Indelible ink will henceforth be used, as is done during elections, to prevent people from making cash withdrawals more than the permissible limit from bank counters, the government announced on Tuesday.

Economic Affairs Secretary Shaktikanta Das told the media that Prime Minister Narendra Modi held a second review meeting on demonetisation with officials of the Finance Ministry and the Reserve Bank of India (RBI) to ascertain why long queues were continuing at banks.

"It was found that in many places, the same set of people are coming to get cash. They are going from one branch to another branch. As a result, the benefit of withdrawal is getting restricted to a few people," Das said.

"To prevent this, indelible ink marks will be made, like in elections, at the bank cash counters," he said, adding unscrupulous elements were trying to convert their black money into white by going to different bank branches several times in a day.
 

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