NEW DELHI: The home ministry has asked all states to provide security to banks, post offices and ATMs amid a scramble for cash three days after the government’s sudden decision to take Rs. 500 and 1000 notes out of circulation to crack down on black or untaxed money.
As millions stood for hours outside ATMs, which reopened two days after Prime Minister Narendra Modi’s dramatic announcement that the two biggest currency notes are now just “worthless pieces of paper”.
In Delhi, around 3,400 paramilitary and police personnel have been posted at ATMs and banks, said a police officer.
The Reserve Bank of India, in a statement, urged people to be “patient” and assured that “There is enough cash available with banks and all arrangements have been made to distribute the currency notes all over the country.”