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Saturday, December 10, 2016

Supply of Currency to Post Offices

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Supply of Currency to Post Offices 

Press Information Bureau 
Government of India
Ministry of Finance

09-December-2016 17:47 IST

Supply of Currency to Post Offices 

After withdrawal of the Legal Tender of Specified Banknotes (SBNs) various offices of Reserve Bank of India have provided Rs.238 crores(approximately) in cash to the Department of Post.

Necessary instructions have also been issued by Reserve Bank of India vide DCM (Plg) No. 1508/10.27.00/2016-17 dated 02.12.2016 and DCM (Plg) No.1251/10.27.00/2016-17 dated 10.11.2016 to facilitate cash withdrawal by Post Offices from banks.

This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

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