Having swept away 86 per cent of total currency by banning Rs 500/1000 notes, the government on Wednesday sought to assuage any panic in public, saying banks and post offices will start giving out replacement currencies from Thursday even as it expanded scope of exempt public utilities. It also ordered banks to remain open for full day this Saturday and Sunday to deal with rush of people wanting to deposit the defunct currency bills. Officials said that honest tax payers as well as housewives and farmers with genuine savings have nothing to worry if they deposit old currencies in their bank accounts and take out replacement ones.

Read more on the story here

#Banks #India #Currency