In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pensioners after the electronic payment of their salary/pension.
2. Banks are therefore advised to take appropriate steps in order to meet this likely demand for cash by:
(i) Ensuring adequate cash availability for taking care of the requirements of pensioners
(ii) Ensuring adequate supply at the military outposts for the cash requirements of the Armed Forces personnel.
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