Central govt employees can avail Rs 10,000 cash as advance salary: Shaktikanta Das

Union Government of Thursday announced that central government employees can avail Rs 10,000 cash as advance on salary for immediate day-to-day use. The move came as an effort to ease the cash rush at ATMs and banks due to currency overhaul across India.

The advance cash will be adjusted against next month’s salary, informed Economic Affairs Secy Shaktikanta Das on Thursday during his press conference on fresh rules for demonetisation process. 

Other major decisions included cash withdrawal limit relief for farmers and traders along with reduction in limit of over-the-counter cash exchange limit to Rs 2000 from Rs 4500. 

Goa government employees had earlier demanded that their salary for the current month be paid in cash rather than be deposited in bank accounts, considering the difficulties faced to withdraw money.

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Currency overhaul rules for the day: Cash exchange limit down to Rs 2,000; families with weddings can draw Rs 2.5 lakh

Watch video: Now get Rs 2,000 cash by swiping SBI card at petrol pump near you