The banks opened on Monday after a day’s break, resulting in people rushing in to exchange old defunct bills or withdraw cash in the initial hours. The banks opened on Monday after a day’s break, resulting in people rushing in to exchange old defunct bills or withdraw cash in the initial hours. ATMs still need to be recalibrated to dispense new currency notes, while the shortage of smaller denomination notes continues to persist. • Government employees belonging to Group-C on Monday started receiving Rs10,000 in cash as advance of their salary for the month of November. • The income tax department has warned people against depositing their unaccounted old currency in someone else’s bank account.

Source: Mint November 21, 2016 13:11 UTC