New Delhi, Nov 13 (DHNS): Finance Minister Arun Jaitley on Saturday said that the country’s largest lender State Bank of India (SBI) has received deposit of Rs 47,868 crore in the last two-and-half days.

SBI alone has exchanged notes of 58 lakh customers, while 22 lakh customers have used ATMs, and 33 lakh have withdrawn cash.

Adequate currency

On storing and transporting currency, the minister told reporters that “4,000 currency chests have adequate amount of currency. Currency exchange of such a massive magnitude cannot happen mechanically overnight”.

Giving an example of State Bank of India, which controls 20-25% of banking business, he said that in two-and-half days that it has done 2.28 crore transactions.

“You can make an estimate that the total banking system would have done about 4-5 times of that of State Bank of India which is about Rs 2 lakh crore,” he said.

The government, Jaitley said, will consider suggestions on whether to remove surcharge on card transactions, as it aims to move towards a less cash economy.