Saturday, November 19th, 2016

Queues getting shorter at banks while long wait in front of ATMs continue

Narada Desk | November 19, 2016 12:29 pm Print
Finance Minister Arun Jaitley has said the rush in banks have come down significantly and there is nothing to panic

When demonetisation enters to the tenth-day,banks witnessed lesser rush to exchange banned notes of Rs 500 and Rs 1000, while long queues in front of ATMs still continue.

Banks on Saturday will serve only their respective customers and will not exchange money of customers of other banks.

Senior citizens are allowed to visit any banks to exchange their notes while the exchange limit has been lowered from Rs 4500 to Rs 2000.

Finance Minister Arun Jaitley has said the rush in banks have come down significantly and there is nothing to panic. “Queues have become extremely small and this is all over the country,” he had said.

To avoid repeat customers, banks have started using indelible ink for identification.While the government and RBI is putting up efforts to manage cash availability across the country, small businesses from dhabas to vendors were hit hard.

People had inconveniences in buying milk, vegetables, medicines as they did not have enough currencies.At various hospitals across the country, people were unable to get medicines, necessary facilities and transportations.

The government has taken down the transaction limits by Rs 2.5 lakh for weddings and Rs 50,000 for farmers.

On November 8, Prime Minister Narendra Modi surprised the citizens by announcing demonetisation on Rs 500 and Rs 1000 notes which made thousands of people to line up in front of banks to exchange the currencies.

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