Long queues at ATMs after Rs 500, Rs 1000 notes ban
9 Nov 2016 11:08 AM IST9 Nov 2016 11:08 AM IST
The people began to queue up at petrol pumps to stock up, using the two denominations, as petrol pumps began to accept them.
Film revenues are likely to suffer today because many buy tickets manually. (Representational Image)- Prime Minister Modi in a televised address to the nation declared the ban on Rs. 500 and Rs. 1,000 notes from midnight as part of the government's efforts to crackdown on black money.
- Dulal Chakraborty, a former banker, expressed that Prime Minister Modi's step will not only have strong impact on the black money but also help in making a stronger economy by stopping the rolling of fake notes in the market.
- There is 50 days time to deposit but due to the sudden declaration there is confusion and fear among the people if they shall be able to deposit it within those 50 days.
- Ambalica Dey, who is accompanying her septuagenarian father to deposit money in Agartala, said that she has been waiting for the last 30 minutes to deposit 500 rupees notes.
- Scenes of long, chaotic queues of people waiting at ATMs across various cities, stranded customers being sent away by traders declining currency notes of Rs. 500 and Rs 1000, and rows of cars and two-wheelers thronging petrol pumps were visible till midnight.
- This led to confusion, chaos and the pumps going short of Rs 100 notes, leading to tension amidst the commuters.
- Meanwhile, the people began to queue up at petrol pumps to stock up, using the two denominations, as petrol pumps began to accept them.
- Depositors supporting the swift decision of the Prime Minister expressed that initially common people may have to face a little problem but ultimately it will benefit the nation.
Long queues were noticed outside cash deposit machine counters, ATMs and petrol pumps across various cities in the entire nation after Prime Minister Narendra Modi took the bold step against black money and corruption by banning existing 500 and 1000 rupee notes beginning November 9.
The people began to queue up at petrol pumps to stock up, using the two denominations, as petrol pumps began to accept them.
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