All banks across the country will serve only their respective customers and will not exchange old notes of Rs 500 and Rs 1,000 from other banks today, the Indian Banks' Association has announced.
All banks across the country are serving only their respective customers and will not exchange old notes of Rs 500 and Rs 1,000 from other banks today, the Indian Banks’ Association has announced. According to its chairman Rajeev Rishi, customers since last few days had suffered as officials in banks have not been able to do their work properly, due to which their have been lot of pending works, especially for existing customers.
He further said that senior citizens have been exempted from this and they can go to any branches during the day to exchange old notes. the decision is only for Saturday and from Monday customers can go to branches of any banks. While commenting on recent introduction of indelible ink marks on index fingers of those exchanging notes in banks the chairman said that using indelible ink reduced long lines to some extend. and also it has come down to nearly half of what it was initially.
Since Wednesday, banks started applying indelible ink mark on fingers of customers in the some metro cities to stop the continuation of money exchangers thronging banks with invalid currency notes.
Since November 8, after the government announced demontisation of Rs 500 and Rs 1,000 notes people are thronging in banks and ATMs to withdraw or exchange old notes. As most of the ATMs are unable to function properly, most people were not able to withdraw cash in recent day, creating chaos and confusions among general public.
While several Opposition parties are protesting against the decision on streets and the Parliament, ruling BJP-led NDA government’s MPs are countering mishandling charges by going on television in favour of the decision.