Economic Affairs Secretary Shaktikanta Das on Tuesday said that indelible ink marks, similar to elections will be used on cash counters in banks to prevent repeated transactions by the same people. The step is being taken to ease pressure on banks.

“We have been trying to analyse reasons for the long queues at the banks. It has come to notice that same people are coming again at same places. Have received reports that many people are trying to convert black money into white and have organised groups of people who they are sending to exchange money,” Das said.

He also assured people that there is no reason to panic as enough supply of cash is available in the banks. Rubbishing reports of some institutions going on strike against demonetisation, Das termed the stories as rumours. “Lot of stories in social media of certain institutions going on strike. There is no such thing. Please don’t believe it. False stories are being spread on social media,” he said.

He also added denied reports of shortage of salt and said there is enough in stock. “Unscrupulous elements had spread rumours. There is no reason for the temporary surge in price or shortage. The supply of essential commodities is being closely monitored,” he claimed.

To ease pressure on banks, a task force has been set up to look after shifting and storing of old notes. The task force will monitor the infusion of fake currency, especially in the vulnerable areas.