Five, fifty and hundred rupee new notes have been released recently and besides this the old notes are also in circulation. In spite of these facts banks issue one thousand, five thousand rupee notes on cash withdrawal of even six to seven thousand rupees and hesitate to issue hundred rupee notes as per the demand.
In these days of tax free trade mostly 5000 rupee notes are used and banks keep enough stock for the convenience of full-fledged commercial trading, ignoring the tax revenue loss. Most of the public earning livelihood happens on monthly salary and the others on day to day wages basis.
Everyone had to purchase things for livelihood from shop to shop in which small denomination currency notes (I mean at least 100 rupee notes in the present days of dearness) are required. Consequently it is not fair to harass public by issuing limited notes.
I hope that realising these facts enough small denomination notes would be made available, preferably in the first two weeks of the month, to cover up the gap so that the public could get rid off knocking doors of many banks for their basic requirements. State Bank should also release enough notes in order to relieve public from unnecessary hardship.
Comments
Comments are closed.