Delhi: Over 3,400 paramilitary, police personnel deployed for bank security

Banks have announced a slew of measures doing away with ATM charges and expanding credit limits to handle the expected huge rush to tender now defunct Rs 500 and 1000 notes.

By: PTI | New Delhi | Updated: November 10, 2016 1:41 pm
Rs 500 Rs 1000 notes, India demonetisation, banks, currency exchange India, Bank security India, news, latest news, India news, national news Besides the 1,200 paramilitary personnel and 2,200 Delhi Police personnel which have been deployed, the Home Ministry has also kept about 1000 personnel at standby for immediate deployment in case of emergency, official sources said. (AP)

As many 3,400 personnel of paramilitary and Delhi Police along with quick reaction teams have been deployed across the national capital for maintaining security in banks in view of rush of people to exchange the now-invalid currency notes of Rs 500 and Rs 1,000. The deployment has been made as banks will open on Thursday after Tuesday night’s announcement by Prime Minister Narendra Modi about the demonitisation of the two higher domination notes.

WATCH: Serpentine Queues Outside Banks To Exchange Rs 500, Rs 1,000 Notes

Besides the 1,200 paramilitary personnel and 2,200 Delhi Police personnel which have been deployed, the Home Ministry has also kept about 1000 personnel at standby for immediate deployment in case of emergency, official sources said. About 200 quick reaction teams are also positioned in various parts of the city, the sources said. There are about 149 scheduled commercial banks, including 56 regional rural banks, with branch network of about 1.30 lakh across the country. Besides, the co-operative banks have also been asked to take deposit and exchange the old notes with the new ones.

WATCH VIDEO: Rs 500 & Rs 1000 Illegal: Scuffle At An ATM With People Queuing Up To Withdraw Money

For public convenience, banks will remain open on coming Saturday and Sunday. Banks have also announced a slew of measures, including extension of banking hours, doing away with ATM charges and expanding credit limits to handle the expected huge rush to tender now defunct Rs 500 and 1000 notes.