If govt wasn’t ready then how did new Rs 2000, 500 notes come to market, asked Nirmala Sitharaman

The angst among people due to the decision was escalated after several deaths were reported as a result of people queuing outside banks and ATMs to exchange notes or withdraw cash.

By: Express Web Desk | New Delhi | Updated: November 19, 2016 9:11 pm
demonetisation, demonetisation fallout, demonetisation impact, demonetisation-modi, demonetisation-opposition, banks on saturday, senior citizens, parliament, india news, national news, indian express Prime Minister Narendra Modi’s sudden announcement to demonetise Rs 500 and Rs 1,000 notes in circulation, though welcomed by people across the country, has left many in the lurch.

Banks across the country will remain open on Saturday and follow normal working hours to complete pending work, but only for their own customers. Currency exchange of Rs 500 and Rs 1000 notes will not be allowed today for customers of other banks, the Indian Banks Association said. However, senior citizens are exempted and can go to any bank branch to exchange old notes.

“All these days our own customers have suffered because we have not been able to do their work. So, we have seen lot of pending work at branches especially for our existing customers. We, from IBA, have taken a view that tomorrow, that is, on Saturday we shall be exclusively doing work for our own customers. And tomorrow we will not be doing exchange of notes (for outside customers),” IBA chairman Rajeev Rishi said Friday. This move is applicable only on Saturday and from Monday onwards, the people would be allowed to exchange notes at any bank branch.

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  1. J
    Jack
    Nov 19, 2016 at 7:38 am
    Time will tell...
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      BhasadAlAssad
      Nov 19, 2016 at 5:57 am
      Old people are dealt with on a priority basis because of their physical incapacity to wait in queues. But when only old will go to the bank there will be queues and they will have to wait long hours standing in queues. Catch 22.
      Reply
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        Jayo khan
        Nov 19, 2016 at 10:04 am
        While we are at pain , a small or hidden business family is sending its workers for changing notes . kindly note down. Mobile No's 9221393615 ,name uday kantak residents of Mira road . can vigilante start taking action.
        Reply
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          PCKULKARNI
          Nov 19, 2016 at 12:00 pm
          Another Jumla
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        2. A
          avd
          Nov 19, 2016 at 12:28 pm
          It seems from reports appeared in all News Channels except ND TV that Aam Aadmi who stands in que is more happy with Narendra Modi over Demonetization even he/she has to stand 2-3 hours before Banks. But those who have Black Moneys are crying and want to see any political leaders like Mamata Banerjee, Arvind Kejriwal, Rahul hi and many others come to their rescue and derail the mission of Modiji over Demonetization.That is why some Political Parties and MPs in and out the houses of Parliament create confusion in Public over Modi's mission on unearthing Black Moneys.
          Reply
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            avd
            Nov 19, 2016 at 12:41 pm
            NDTV's running Commentary on 26/11 Mumbai attack by stani Terrorists and helping them to complete their mission was well known to all.
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              Pawar Ashok
              Nov 19, 2016 at 10:40 am
              This is the good initiative by Prime minister and we all have to support. Every Transformation will have its own impact but it is for short time and things will improve in due course of time.
              Reply
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                Dash
                Nov 19, 2016 at 12:29 pm
                From day 1,The IE is trying to create paniclt;br/gt;with its negative reporting. Its doing the work of people like Khuliwal. Inconvenience is there but it is being painted as a major catastrophe in the nation.
                Reply
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