500 notes to be available from today

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Some parts of Odisha will get relief from the cash crunch caused following the Centre’s demonetisation as the new series of Rs 500 notes reached Bhubaneswar on Wednesday. The new notes will be circulated to some major branches in the state and by Thursday people will get the new notes, said RBI sources.
“The number of Rs 500 notes is very less so we have distributed it equally in coastal, southern and western districts of the state. People will can get the new notes from major banks like SBI and UCO from Thursday,” said RBI general manager Sarada Prasanna Mohanty.
He said the calibration process to dispense new Rs 2,000 and Rs 500 notes from ATMs is on and within a day or two people can withdraw the new notes. However, long queues in front of banks and ATMS are still continuing across the state while people in rural areas are facing lots of difficulties due to cash crunch.
Since the demonetization move on November 9, banks in Odisha have so far exchanged old currencies of Rs 6,000 crore, official sources said. “As the cash-strapped rural people are struggling hard to cope with the move,” chief secretary A P Padhi said banking facilities will be made available in panchayat offices in next 2 to 3 days.

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