Indelible ink on right hand finger for old currency exchange from today
A small mark of indelible ink, used mostly during elections to prevent multiple voting, will be put on the right hand finger of those exchanging banned 500 and 1,000 rupee notes for new ones from Wed.
New Delhi, Nov 16: A small mark of indelible ink, used mostly during elections to prevent multiple voting, will be put on the right hand finger of those exchanging banned 500 and 1,000 rupee notes for new ones from Wednesday to prevent crowding at banks by repeat exchangers.
As per the assessment of the finance ministry, bank counters are getting overcrowded due to same people turning up again and again to exchange old notes.
"Ideally, the ink mark should have been put on the left hand as is done when a person casts his vote. But with by-elections due in some states, an ink mark for exchange or withdrawal of currency note on the left hand will lead to unnecessary difficulties. So it has been decided that the ink mark would be put on right hand," an official said.
The ink manufactured at the Mysore Paints and Varnish Ltd - the firm that has supplied indelible ink to the Election Commission since 1962 to mark voters, will be made available to banks and post offices from tonight.
Banks
in
major
cities
will
start
marking
note
exchangers
with
the
ink,
the
official
said.
Also,
an
expert
committee
comprising
of
officers
from
the
Department
of
Economic
Affairs
and
the
Department
of
Financial
Services
are
preparing
standard
operating
procedure
(SoPs)
for
ink
marking
as
well
as
additional
steps
to
be
taken
to
manage
the
crowds.
The move comes amid long, unending queue at banks even after a week of Prime Minister Narendra Modi announcing withdrawal of old Rs 500/1000 notes in biggest crackdown on black money, corruption and counterfeit currency.
The notes withdrawn accounted for 86 per cent of the cash circulating in the Asia's third-largest economy.
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The source said the use of indelible ink would prevent "unscrupulous persons" from use conduits for exchanging notes.
A person, as per the revised guideline, is allowed to exchange old notes totalling up to 4,500 on a single day.
Earlier in the day, economic affairs secretary Shaktikanta Das+ said it was noticed that the same people were coming back again and again to exchange notes, causing the long queues and creating hassles for genuine people to get their cash.
By-elections for four Lok Sabha seats - Cooch Behar and Tamluk in Purba Medinipur district in West Bengal, Shahdol in Madhya Pradesh and Lakhimpur in Assam will be held on November 19.
As many as 8 assembly seats in Assam, Arunachal Pradesh, Madhya Pradesh, West Bengal, Tamil Nadu, Tripura and Puducherry will go to polls on the same day.
PTI