Business

Long Queues Throng Banks, As Customers Rush To Exchange Old Notes

NEWS WORLD INDIA | 0
50
| November 10 , 2016 , 10:59 IST
[caption id="attachment_234921" align="aligncenter" width="700"]Long Queues Throng Banks, As Customers Rush To Exchange Old Notes Long Queues Throng Banks, As Customers Rush To Exchange Old Notes[/caption] People thronged to the Banks to exchange their old Rs 500 and Rs 1000 currency notes leading to long queues in Banks across the country as Banks reopened on Thursday for the first time since the demonetisation of Rs 500 and Rs 1000 notes, providing a much needed relief for the general public who struggled with currency issues after the demonetisation announcement. ALSO READ: Police Deployed To Banks, ATMs As They Reopen After Demonetisation According to government announcements, each individual can collect up to Rs 4,000 only in exchange for their old currency notes from banks but can deposit any extra amount directly into their bank accounts. ATM withdrawal limit is fixed to Rs 2,000 until November 18 but will be extended to Rs 4,000 from November 19. ALSO READ: Ban On Rs 500 & Rs 1000 Notes: Banks To Remain Open This Weekend Major Banks have taken extra measures to ensure smooth transition from the old currency to the new Rs 500 and Rs 2000 notes and have taken on help from retired banking officials. Banks have set up dedicated 'exchange counters' to change currency notes, certain banks have announced extra late working hours till 6 PM - 8 pm, banks are to be open on Saturday and Sunday and ATM withdrawal charges are waived.

SC To Hear Plea Against Demonetisation Of Rs 500, Rs 1000 | NWI

[…] at private hospitals or buy medicines in the absence of exchangeable currency notes. ALSO READ: Long Queues Throng Banks, As Customers Rush To Exchange Old Notes However, the bench made it clear that hearing of the plea on November 15 would be subject to the […]

Rs 1000 Notes To Return In A New Avatar | NWI

[…] all denominations of currency notes will be reintroduced with new design and features. ALSO READ: Long Queues Throng Banks, As Customers Rush To Exchange Old Notes The removal of the Rs 1000 and introduction of the Rs 2000 note caused concern to the public as […]