Banks may hand out Monday blues

The Centre has denied rumours that it has withdrawn concessions given for weddings and to farmers

As banks open on Monday after the weekend, long queues are expected at bank branches and at ATMs. On Saturday, most of the banks had restricted their exchange of old notes to senior citizens and on Sunday banks were closed. Many ATMs were also running dry on Sunday, so people are expected to flock to banks on the beginning of the week.

The government denied on Sunday rumours that it has withdrawn concession for weddings and to farmers.

During the day, Delhi chief minister Arvind Kejriwal had retweeted a tweet alleging that the government had silently withdrawn higher cash limit for marriages and farmers. “No withdrawal of any concession for farmers or for weddings. Aspects of notification 3408 now included in 3407 as a technical correction,”

tweeted economic affairs secretary Shaktikanta Das.

Last week, the government had said that in case of a marriage in the family, they can withdraw `2.50 lakh in cash from their bank accounts. This limit will apply separately to the girl’s family and the boy’s family.

To help farmers in the rabi season, the government had permitted them to draw upto `25,000 per week in cash from their accounts.

This facility will also apply to the Kisan Credit Cards (KCC). Farmer who received money through cheque/RTGS from registered mandis were also be permitted to withdraw up to `25,000 per week in cash.