ATMs to dispense Rs.20 notes soon : SBI Chairman

Posted on:15 Nov 2016 09:15:23

ATMs to dispense Rs.20 notes soon : SBI Chairman
15 November 2016 Current Affairs GK: State Bank of India has announced that Rs 50 and Rs 20 notes too will be dispensed from ATMs soon.

The announcement comes as a breather for citizens who were grappling with shortage of cash and limited denominations ever since the demonetisation was announced on November 8.

Citizens were in a difficult situation after Rs 500 and Rs 1,000 were declared illegal by the central government.

Following the decision, ATM kiosks and banks witnessed an unprecedented flow of citizens who thronged to withdraw cash.

The announcement was made by SBI chairman Arundhati Bhattacharya. The chairman said that the bank will start dispensing Rs 50 and Rs 20 denominations once the rush decreases. 

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