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People continued to face difficulty in exchanging scrapped Rs 500 and Rs 1,000 notes for the third day today with long queues before banks while ATMs ran out of cash in different parts of Tamil Nadu. Only select ATMs were functional today also, leading to long queues and frustration among the people while banks continued to witness huge demand for cash. At many places, public were frustrated and disappointed that they could not even withdraw the Rs 2,000 cash allowed despite standing for long hours in front of ATMs.
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Following government’s announcement that banks would operate today and tomorrow, the number of people thronging the branches of banks was higher than the past two days in view of the week-end.
Meanwhile, petroleum dealers association here said it would accept exchange of old and new Rs 500 and Rs 1,000 denominations till November 14 as government has extended the exemptions of certain transactions.
The government last night extended use of defunct 500 and 1,000 notes for paying household utility bills, fuel, taxes, fees and purchases from co-operative stores till November 14.