BJP leader Nalin Kohli appeals citizens to remain patient with demonetisation process

Citizens of the country are facing a lot of problems due to demonetization of 500, 1000 rupee notes and the Bharatiya Janata Party (BJP) on Sunday has requested the people to be patient, as it would take time for things to take normalcy.

BJP leader Nalin Kohli told that Prime Minister Narendra Modi had in his speech indicated that the process would cause some inconvenience to people but yes the people who have hoarded money will definitely suffer.

"Our appeal would be that it takes a little time for system to come back to normalcy, because 500 and 1000 Rupee notes are no longer in circulation. The banks are working overtime, the finance ministry is working to keep a tab on it," Kohli said.

"We appeal to the people, not to worry because no matter, who the person is, an honest person, whether it a housewife, whether it is a poor farmer, or someone in the rural areas, urban areas, they don't have to worry. Their money will be changed. However, those who, have heaps of black money, they are the ones who are going to definitely suffer," he added.

Defending Centre’s decision to not postpone the deadline for using the old 500, 1000 notes, the BJP leader told if the Government extends the deadline, the corrupt people will find ways to save their black money.

Meanwhile, Prime Minister Modi appealed to the citizens of the country to be patient with the demonetization process and told he has many other ideas to curb corruption. The Prime Minister on Sunday spoke for the first time after announcing demonetization decision on November 8 and used the occasion to hit back at the ones who are questioning his move against black money.

"This is an important step towards eradicating corruption and black money but some people are lost in their own world. If any money that was looted in India and has left Indian shores, it is our duty to find out about it," he said.

Earlier, Union Finance Minster Arun Jaitley had told that the Finance Ministry is monitoring the currency replacement constantly and also told that it would take two to three weeks approximately to recalibrate 2 lakh ATMs across the country.

"When the government decided to replace 500 and 1000 notes, there were expectations that in couple of days, people would queue up to replace significant part, 86 percent. It is a massive operation. There are challenges in execution. People are turning up in large numbers, so they will keep coming in the next few days. The government requests them that the deposit time is till December 30," he said.

Jaitley said that Rs. 7,868 crore have been deposited in the SBI. The bank exchanged notes of 58 lakh people. 22 lakh people operated at ATMs, 33 lakh have withdrawn from SBI, which handles 20-25 percent of total banking. Till 12.15 p.m. today the bank conducted 2.28 crore transactions. He said five modes of transactions are involved in banks, cash deposit, withdrawal from cash, cash to cash exchange, ATM cash withdrawal and cash deposit machines being used.

Jaitley appealed to use digital mode of payment.

There are approximately two lakh ATMs across the country. Many ATMs, which were reopened after the Prime Minister Modi's demonetisation decision, were forced to shut down after they ran out of cash.