Millions throng banks to exchange old notes amid security

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Image courtesy: hindustantimes.com
Image courtesy: hindustantimes.com

After withdrawing money from a bank here, some persons were seen taking selfie with the Rs 2,000 currency note.

There was an incident of minor scuffle in front of a bank in Howrah over entering the bank premises.

Only a maximum of Rs 4,000 per person in cash in exchange for the old Rs 500 and Rs 1000 notes was being given per person after submission of valid identity proof. Anything over and above this value was credited to bank account.

Mumbaikars started queueing up as early as 6 AM, nearly 3-4 hours before the banks open.

Several bank officials said most of the branches were witnessing unprecedented huge rush and therefore, they have sought the deployment of police personnel to to prevent any law and order problem.

The customers, however, seemed frustrated with some banks exchanging only Rs 2,000 with Rs 100 notes.

“I was in queue for four hours to exchange Rs 4,000.

But unfortunately I was permitted only Rs 2,000 to be exchanged that too with Rs 100 denomination,” said Ashwin Kadam, who stood in queue since 6 AM at the branch of Punjab & Maharashtra Cooperative Bank limited in Vikhroli in Mumbai.

“I ran out of cash to meet my daily needs. If I do not get new notes, I would be in big trouble. To make sure that I get new notes today, I have came here very early. However, many others were already in the queue when I reached at 6 AM,” said A Patel of New Ranip, having bank account in SBI in Ahmedabad.

Sourced from agencies, Featured image courtesy: indianexpress.com

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