New Delhi: The Central Government had given in-principle approval to merge Indian Bank with Allahabad Bank. Now there is bad news for customers. If your ATM is in this bank, then from March 1, 2020, 2000 rupee notes will not come out. Although the 200 rupee note will increase.
Currently, only one bank has decided to do so. Indian Bank has decided that it will not put Rs 2,000 notes in its ATMs. In this regard, the bank has informed all its branches. Indian Bank has taken this decision keeping in mind the convenience of its customers.
Indian Bank was seen wandering in shops or other places to exchange 2000 notes. The bank had also issued a circular for this on 17 February. In which it is written that cassettes containing 2000 notes in ATM will be disabled from 1 March 2020.
The government has appointed Sanjeev Kaushik, additional secretary in the finance ministry, as a director on the board of directors of Indian Bank. He will replace Amit Aggarwal. Aggarwal is Joint Secretary in the Department of Financial Services. In a notification to the stock markets, Indian Bank said that the Central Government, through notification, has appointed Sanjeev Kaushik as a director on the board of directors of the bank with immediate effect.
