NewDelhi] Banks To Use Indelible Ink On Customers Coming Repeatedly PM “Modi” Reviewed Supply of Currency for the Second Time in 2 Days Last Night And To Eraze The Cash Crunch Demon ,Various New Decisions Are Taken
[1]As per DEA Secretary Shashi Kant Banks to put Indelible Ink on People Withdrawing Money
Because Same People Coming Repeatedly Are Considered Responsible for Long Queues;
[2]Religious Places Receiving Donations in Smaller Denominations are being urged to Immediately Deposit the same in Banks to Increase The Transaction
[3]Cash availability with branch post offices and district cooperative banks has also been enhanced:
: People in large numbers started queuing up outside ATMs and banks since early morning also to withdraw valid currency notes from vending machines and exchange demonetised bills.
While banks remained closed yesterday on account of Guru Nanak Jayanti in many parts of the country, cash-starved customers again were disappointed today with most of the ATMs running out of the cash.
Even at some ATMs which had cash were facing server issues, making people wait in the queue frustrated.
Many households are running out of even piggy bank money saved by their children for meeting essential daily provisions.
Banks’ infrastructure is unable to handle the huge rush resulting in long serpentine queue where average waiting time is 4 hours, especially for exchange.
ATMs will still take two more weeks before they start dispensing new high-value Rs 500 and 2000 notes. Currently, they are dispensing Rs 100 notes which make them go dry in few hours.