Ahead of PM Modi’s rally on December 22, About Rs 2000 Crore new currency Notes reached at Varanasi

Narendra Modi
Prime Minister Narendra Modi and Bharatiya Janata Party (BJP) supremo Amit Shah have informally floated the idea among the party's top leadership of advancing the Gujarat assembly polls.

Varanasi, December 19: After the demonetisation of Rs 500 and Rs 1,000 currency notes by the Narendra Modi government in the nation, several districts of eastern region are still suffering from the shortage of new currency notes.

According to a report in India Samvad,  ahead of Prime Minister Narendra Modi’s rally in his own constituency on coming December 22, the Reserve Bank of India (RBI) has delivered a truckload of new currency for banks and ATMs of Varanasi.

The move is expected to bring relief to people of Varanasi and nearby regions. As per India Samvad report, two trucks filled with new currency denominations of Rs 500 and Rs 2,000 were sent to Varanasi to ease the cash crunch.

It is speculated that the total amount of currency brought here is nearly Rs 2,000 crore and the regions including Chandoli, Gazipur, Jaunpur, Azamgarh, Baliya, Mau, Mirzapur, Bhadohi and Sonbhadra will benefit from this move.

Meanwhile, LDM of the Union Bank Ranjit Singh denied commenting on the exact amount but clarified that RBI has sent a load of new currency to ease the cash crunch. The Deputy General Manager of State Bank of India, Sanjay Mishra said that the banks and ATMs have been equipped with new currency notes.

He assured that people will no longer suffer now because of less cash and won’t complaint of not being able to withdraw money from banks and ATMs. There are total 39 banks in Varanasi with 456 branches while total ATMs are 674 in number. Now, the officials priority will be to keep the ATMs full with currency.

The State Bank of India has 174 ATMs in the region. Some of them were shut till now due to some technical snag. However, now they are being repaired with the arrival of cash. With the help of cargo planes, some currency was even airlifted to Varanasi.

Nearly 140 boxes of new currency were delivered at the Babatpur airport here and they the bank officials were told of the division.

The new currency was then loaded in trucks and further sent to various bank branches. Sources told that 140 boxes consisted of more than Rs 1,000 crore of new currency says the India Samvad Report.

Top