See how India is getting their fingers inked for their bank visits

The new method, similar to the one used during elections in India, is now being implemented in at least 11 branches of the SBI as well as other banks in Delhi and other top cities.

By: Express Web Desk | Published:November 16, 2016 7:09 pm
demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news Woman shows her inked finger after exchanging 500 and 1000 rupee currency notes at Central Bank of India,Mumbai on Wednesday.  (Source: Express Photo by Ganesh Shirsekar)

If you are one of those with extra stock of money it has now become almost impossible of you to deposit of exchange the same with multiple trips to the bank. From Wednesday, banks in select metro cities have started inking the right hand index finger of customers to prevent them from making multiple trips to the cash counter. The new method, similar to the one used during elections in India, is now being implemented in at least 11 branches of the SBI as well as other banks in Delhi and other top cities.

There have been reports that the long queues are also because a lot of people are making multiple trips to deposit/withdraw money. A lot of these could be genuine transactions, but there are clearly people employing others to do this for them.

demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news The indelible ink is supplied by the Indian Banks’ Association (IBA) in coordination with the banks and consultation with RBI. (Source: Express Photo by Ganesh Shirsekar) demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news Advocate High Court Mumbai, shows his inked finger after exchanging 500 and 1000 rupee currency notes at Central Bank of India,Mumbai on Wednesday. (Source: Express Photo by Ganesh Shirsekar)

demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news

demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news People queue-up outside a bank to change old Rs 500/1,000 notes at Paral ,Mumbai on Wednesday. (Source: Express Photo by Ganesh Shirsekar) demonetisation, demonetisation rules, Bank, bank queues, cash counters, SBI, RBI, demonetisation voting, Inked fingers, Banks inked fingers, money, cash, cashless economy, RS 500 ban, RS 1000 ban, Banks, Banks demonetisation, currency demonetisation, demonetisation news, india news, indian express news There have been reports that the long queues are also because a lot of people are making multiple trips to deposit/withdraw money. (Source: Express Photo by Ganesh Shirsekar)

The indelible ink is supplied by the Indian Banks’ Association (IBA) in coordination with the banks and consultation with RBI. Soon, the procecure will become mandatory in non-metro towns as well, the RBI said in a statement. Bank branches will get black indelible ink bottles of 5 ml each with the bottle cap coming with a small brush for applying the ink.

The RBI SOPs say indelible ink can be applied by the cashier or another official before the notes are handed over to customer. By the time the exchange takes place a few seconds will elapse allowing the ink to dry up, preventing its removal.

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  1. S
    SubbuI
    Nov 16, 2016 at 6:28 pm
    NO COMPLAINTS.NO ISSUE.OUR LORD MODI IF FEELS SO HE CAN DEMONETISE 2000 RS ALSO.WE BAKTHS WILL WELCOME ANY THING AND EVERY THING OUR LEADER WANTS TO DO FOR OPPOSITION MUKTH BHARATH.ALL ARE ANTI NATIONAL AND ANTI HINDUSTHAN.MODI IS INDIA and INDIA IS MODI-HSIL MODI
    Reply
    1. D
      dd
      Nov 16, 2016 at 4:09 pm
      People should report of any miss use of cash exchange with poor...
      Reply
      1. J
        jol
        Nov 16, 2016 at 5:27 pm
        its my hard earned money to take that I am rationed......what a misery.....cant understand
        Reply
        1. S
          S Subramaniam
          Nov 16, 2016 at 8:00 pm
          Government instructions are clear that the invalid high-end notes can be exchanged to the tune of Rs 4000.00 per individual which has now been increased to Rs 4500.00 on products proof of ID duly completed the requisite form. With a view to avoid multiple payments indelible ink is being used. Besides, the invalid high-end notes without any limit can be deposited into the accounts. Since the invalid high-end notes accounts for 86%, there is bound to be shortage of currency and the inconveniences has to be borne by one and all.
          Reply
          1. M
            Murthy Suppusamy
            Nov 16, 2016 at 4:50 pm
            Government is undergoing training exercise as how to deal this next time, when Rs 2000 notes if declared invalid sometime next year!
            Reply
            1. O
              ompuri
              Nov 16, 2016 at 9:36 pm
              It is surprising how these fascist government has cowed public in obedience.Millions of Indians queuing like sheep to prove what ever little money they possess is legit .
              Reply
              1. O
                ompuri
                Nov 16, 2016 at 9:32 pm
                what is this ic government going to achieve by this nautanky? lt;br/gt;Is modi going to make all satan officials saint? Will there not be no corruption in pink notes? Will all politicians who enters politics to enrich themselves going to refuse illgotten wealth? Is Modi going to stop wearing his expensive but ugly idars and sherwanis?
                Reply
                1. S
                  Satyanandan Chakolangara
                  Nov 16, 2016 at 3:00 pm
                  The most common way to get rid of banned notes seems to be for employers to ask their employees to do it for them.
                  Reply
                  1. P
                    ProdyotPran
                    Nov 16, 2016 at 3:27 pm
                    India is not complaining the demonetisation move.lt;br/gt;Corrupt politicians are only complaining.
                    Reply
                    1. V
                      vnksk
                      Nov 16, 2016 at 11:29 pm
                      The ink is only for exchangers because some black money people r misusing this facility. It is not for bank account holders. This will help reduce ques within 2-3 days.The limits are likely to increase this weekend.
                      Reply
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