At a time when most people in the country continue to support demonetisation even after standing in long queues in ATMs and banks to withdraw or exchange notes, people in Coimbatore has found unique ways to support the step to control the black money menace.
Yesterday, people gathered in front of city collectorate to watch a man playing flute in support of the demonetisation. Since the announcement of demonetisation of high value notes on November 8 by Prime Minister Narendra Modi, the Opposition parties have constantly protested the way the step was executed as people continue to face difficulties. Some Opposition leaders had also gathered outside the Parliament to protest against the government on the way impelemented the drive. While the governmnt has claimed lines across the country have reduced, it has announced number of measure to ease the problems that people are facing since last three weeks.
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The centre has exempted Post Office saving account from ban on accepting deposits of demonetised Rs 500 and Rs 1,000 notes in small schemes. RBI have also asked banks to not accept the demonetised Rs 500 and Rs 1,000 notes for deposit in small saving schemes.
The central bank have not provided a reason for the move. An official RBI notification read that the subscribers of small savings schemes would not be allowed to deposit demonetised currency of Rs 500 and Rs 1,000 notes with immediate effect. It directed banks to not accept the old notes of Rs 500 and Rs 1,000.