How Demonetisation Impacts Rural Population

The immediate effects of demonetisation — lack of Rs 100 notes, long queues at ATMs and more use of online wallets and services — seem to be more or less similar across cities. But the Centre’s decision to scrap Rs 1,000 and Rs 500 notes has had a different impact in rural areas, where the number of banks as well as staff strength is limited. At the Bank of Maharashtra (BoM) branch in Velhe Block of Pune district, residents of several villages in the vicinity have been queuing up as early as 6 am. The bank has only four staff members — a clerk, a cashier, a manager and a security guard.