BANK NEWS
Govt to use indelible ink to crack down repeated exchanges at banks
New Delhi: Government has taken some more practical measures to manage the rush at banks, and plans to use indelible ink marks as used in election voting, to crack down on cheats and others being used for carrying out multiple exchanges.
The use of indelible ink, or a semi-permanent ink or dye that is applied to the forefinger (usually) of voters during elections in order to prevent electoral fraud such as double voting, will be used only at the cash counters, and not at ATM withdrawl.
Economic Affairs Secretary Shaktikant Das, on Tuesday, announced that the move is aimed at reducing large crowds at bank branches leading to long waiting hours for cash withdrawal and discouraging people who are standing in the queue multiple times in order to convert black money into white.
The reason for long queues at banks and ATMs is that the same people keep coming again and again at different places. We have received reports that many people are trying to convert black money into white and they have organised groups of people and are sending them to exchange money, Das said at a news conference.Zee News
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