Date : 11.12.2016
Supply of Currency to Post Offices from Bank
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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