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.

Highlights: 

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First Published on: November 19, 2016 9:16 am
  1. J
    Jack
    Nov 19, 2016 at 7:38 am
    Time will tell...
    Reply
    1. B
      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
      1. J
        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
        1. P
          PCKULKARNI
          Nov 19, 2016 at 12:00 pm
          Another Jumla
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          1. 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
            1. A
              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.
              Reply
              1. P
                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
                1. D
                  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
                  1. D
                    Dash
                    Nov 19, 2016 at 2:46 pm
                    Today bibo Bombta Bano went to Boro Bazar which is the hub of black money transaction in Wasted Bengal. Bombta's commission from this market is gone now. She has become almost a beggar after losing some thousands of crores looted through chit fund scam,commission from Malda fake rackets,illegal bomb making factories in Malda and Murshidabad. Thw commission from mullahs who do drug peddling has been reduced now. She has lost a lot. A good beginning has been made by the govt. Let these corrupt selfish Khujlis,Bombtas,dynast Pappu Udhavs scream. More action will follow. A clean economy is needed for a better India. Jihadis,naxals,hawala dealers,drug peddlers,of course other antinationals like many politcians,terror smpathizers have bee severely hit. This is a defining moment for the nation
                    Reply
                    1. F
                      fml
                      Nov 19, 2016 at 1:09 pm
                      A true desh-bhakt would always empathize with the core of the country and start raising questions.....even if it is against the govt. ruled by a political party which he/she supports.
                      Reply
                      1. A
                        Abdul Aziz
                        Nov 19, 2016 at 2:54 pm
                        Tarek Fatah a self styled eminent, Notorious ...BJP and RSS hired Spoke person for Hindu Radicals akka bhakts .Grooming to be a cheer leader of Hindu fundamentalists of RSS
                        Reply
                        1. F
                          factisa
                          Nov 19, 2016 at 6:59 am
                          Gujju very busy, got no time...lt;br/gt; collecting billions trillions fromlt;br/gt;housewives,lt;br/gt;old aged,lt;br/gt;savings in cash in house of ordinary indians...lt;br/gt;lt;br/gt;plus calling people as bkack marketers, smuglers, lt;br/gt;lt;br/gt;lt;br/gt;be rich means very bad thing in indialt;br/gt;lt;br/gt;lt;br/gt;, but his own billionaire s friends in usa europe adani ...lt;br/gt;that all is good.
                          Reply
                          1. L
                            lafanga
                            Nov 19, 2016 at 2:43 pm
                            Drag stan into your domestic mess and none other to do than this BJP lacky living in Canada. Losers.
                            Reply
                            1. I
                              Indianajones
                              Nov 19, 2016 at 11:34 am
                              Everyone is happy. They are so happy, so happy and so happy. You need to be happy, if you love your country. Rest all are traitors.
                              Reply
                              1. K
                                kamath Ramesh
                                Nov 19, 2016 at 11:38 am
                                There are many news channels who are showing live where q are reducing. BJP MPs are meeting people in the q nobody is complaining. But when rahul and kejri had gone people have booed them
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                                1. M
                                  Munna Mama
                                  Nov 19, 2016 at 11:07 am
                                  While there is major cash crunch, and difficulties, yet People are very supportive of the Government's move. Media cannot be trusted to either guage or report actual public atude / response because it has its own political axe to grind. Elections-2014, Brexit vote, US Elections 2016 etc. all prove how discredited media has become.
                                  Reply
                                  1. M
                                    mathimathi
                                    Nov 19, 2016 at 11:13 am
                                    yes each and every Indians will not be become through Rs 0.15 crores crorepati after this good initiative ic Fekunomics Bhaktas.
                                    Reply
                                    1. M
                                      mathimathi
                                      Nov 19, 2016 at 2:52 pm
                                      Now feku will be drag china after am attack.
                                      Reply
                                      1. M
                                        mathimathi
                                        Nov 19, 2016 at 2:50 pm
                                        PM ModiJi varanasi monkey bath bhaktas can crazy.
                                        Reply
                                        1. M
                                          mathimathi
                                          Nov 19, 2016 at 2:29 pm
                                          What about our three martyred bravest Indian soldiers in am today on the hands of terrorists. Is any s ideas of Demonetisation really hits on china - sponsored terror activities hits terrorism than bullets in NE? Tarek Fatah ic opinion.
                                          Reply
                                          1. M
                                            mathimathi
                                            Nov 19, 2016 at 3:46 pm
                                            why feku could not be planning an "Make in a India"s Bullet trains Pushpaka fighter jets rather than ek feku bought rafale fighter jets from france.. and feku could buy high speed trains from spain.?
                                            Reply
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