Demonetisation: Queues getting shorter at banks as long wait at ATMs continues

All banks on Saturday will serve only their respective customers and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks.

By: PTI | New Delhi | Updated: November 19, 2016 11:35 am
demonetisation-modi, modi-BJP, bank queue, senior citizen, bank lines, rs 500 ban, rs 1000 ban, currency ban, demonetisation, indian express news, india news At various hospitals across the country, patients and their family members are facing inconvenience in buying medicines, food and availing transportation.

After ten days of demonetisation of high value notes, many banks have now started witnessing shorter queues following some restrictions on exchange of defunct bills, but people were still seen waiting in frustration at ATMs due to cash scarcity.

All banks on Saturday will serve only their respective customers and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks.

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However, this restriction is not applicable on senior citizens as they are allowed to visit any bank branches to exchange old defunct currency notes. The exchange limit has already been less than halved to Rs 2,000 to ease some pressure on cash demand.

Finance Minister Arun Jaitley said the rush at bank branches has come down significantly and that there is absolutely no panic. “Queues have become extremely small and this is all over the country,” Jaitley had said.

To screen repeat customers, banks at many places are applying indelible ink mark on fingers of people who are exchanging notes. With the government and RBI struggling to manage cash availability across the country, the small businesses – from vegetable vendors to dhabas and small kirana stores – that use cash as mode of transaction were the hit.

People faced inconvenience in purchasing milk, vegetables, medicines as they did not have adequate small currency notes. At various hospitals across the country, patients and their family members are facing inconvenience in buying medicines, food and availing transportation.

A bulk of daily labourers were rendered jobless as construction and other activities came to a standstill in the wake of cement, sand and other supplies not coming in.

To ease inconvenience to the people, government has allowed withdrawals up to Rs 2.5 lakh for weddings and up to Rs 50,000 for farmers.

Prime Minister Narendra Modi had on November 8 surprised citizens by announcing demonetisation of 500 and 1,000 rupee notes and since then large number of seemingly unending queues before banks and post offices are seen in order to exchange these currencies.

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  1. A
    ak dev
    Nov 19, 2016 at 2:42 pm
    This is the first time that in one shot all traitors are experiencing labour pain. They are expressing it by shouting that poor are suffering. They are afraid of telling that their pain is much bigger than the poor who want all corrupts to suffer anyway and are ready for the pain of their part.
    Reply
    1. A
      ak dev
      Nov 19, 2016 at 2:37 pm
      Traitor
      Reply
      1. D
        Dash
        Nov 19, 2016 at 12:35 pm
        Dharma will triumph. Honesty will be rewarded. The likes of corrupt Khujilwals,Bombtas will bite the dust. Jai Hind.
        Reply
        1. P
          Patel G.M.
          Nov 19, 2016 at 1:30 pm
          This sounds utterly weirdest that Supreme Court is worried about queues at banks... lt;br/gt;What about queues at courts?lt;br/gt;Supreme Court - 61,436lt;br/gt;High Courts - 38,91,076lt;br/gt;Lower Courts - 2,30,79,723lt;br/gt;Cases Pending (Figures not verified).lt;br/gt;lt;br/gt;If CJI is really serious about hardships faced by people at large, he should stop doing easy work of criticizing government and start cleaning his own backyard. That will do much better and lasting good to reduce hardships faced by people of this country.
          Reply
          1. R
            Ramesh Chhabra
            Nov 19, 2016 at 12:34 pm
            Yes, yesterday and today lines are becoming shorter. Yesterday most banks, ATMs were short of currency. Today public were disbursed to go to their own Banks except Sr. Citizens. Today mostly Bank have long line of Sr. Citizens.
            Reply
            1. A
              Anonymous
              Nov 19, 2016 at 11:38 am
              I think it's a very big decision and PM cannot take it alone. Someone should investigate whether PM has power under the Consution to take this decision without approval of parliament.
              Reply
              1. S
                s s nair
                Nov 19, 2016 at 2:26 pm
                Are the judges anti national?
                Reply
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