RBI lends Rs 5000 crore to meet the shortage of cash

Photo of Reserve Bank of India.

Lucknow: Uttar Pradesh received Rs 5,000 crore from RBI (The Reserve Bank of India) on Saturday in order to meet the shortage of new currency. According to the reports, the money flew in a heavily guarded cargo aeroplane to provide cash in regional RBI offices in UP.

Since the demonetisation of high currency notes has led to anger and confusion among the people due to the shortage of currency in many banks and ATMS in UP.

The money was sent to meet the cash needs of the people and as per the reports the money soon after landing at the Chaudhary Charan Singh international airport was brought into the regional offices.

The cash was sent to Lucknow for further distribution across the banks and the ATMS included Rs 500 and Rs 2,000 notes. The money will be distributed equally between the RBI offices in Lucknow and Kanpur.

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