Nation Current Affairs 31 Dec 2016 Currency ban: No rus ...

Currency ban: No rush in Bengaluru on the last day

DECCAN CHRONICLE.
Published Dec 31, 2016, 3:56 am IST
Updated Dec 31, 2016, 4:01 am IST
It was like any other day. We received a small amount from our home customers: A private bank executive.
Officials of some government departments deposited old currencies, the private bank executive said. (Representational Image)
 Officials of some government departments deposited old currencies, the private bank executive said. (Representational Image)

Bengaluru: Contrary to expectations, on the last day for depositing demonetised currencies of Rs 500 and Rs 1,000 denominations, there was little rush in the banks on Friday.

Some of the bank officials told Deccan Chronicle that the fear of an IT raid may have dissuaded people from depositing huge amounts.

 

“It was like any other day. We received a small amount from our home customers," said a private bank executive.

“A clear picture on the exact amount of money deposited in bank accounts after demonetisation is expected by Saturday evening," the private bank executive said.

Officials of some government departments deposited old currencies, the private bank executive said.

“Deposits in every bank account is being scrutinised. That may be the one of the reasons for lack of rush,” said another bank’s branch manager.

 

The new currency notes of Rs 500 denomination are yet to be made available in the city ATMs. 

Bank officials said that more than half of the ATMs across the city remain closed. The state muzarai department officials, along with revenue department officials, opened the hundis of all temples under their control on Thursday and Friday to ensure that old notes were cleared from hundis. Officials said they found large amount of cash in the hundis.

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Location: India, Karnataka, Bengaluru




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