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Banks witness huge rush
Large number of people across the district on Thursday queued up before the banks to get new currency notes by exchanging the old currency notes of Rs 500 and Rs 1,000, which were abolished by the Central government.
Warangal Urban: Large number of people across the district on Thursday queued up before the banks to get new currency notes by exchanging the old currency notes of Rs 500 and Rs 1,000, which were abolished by the Central government.
In the city long queues of both women and men intending to either exchange or deposit money were seen at different banks much before the business hours commenced.
The rush continued till the banks’ closing time while some banks extended their closing time by two hours to meet the rush.
As a result, personnel of both private and public sector banks faced difficulty in handling the work and rush of the customers arrived in large numbers at the banks to exchange demonetised currency notes.
On the other hand, in order to maintain order and to prevent any untoward incidents, heavy security arrangements were made at all branches of banks in the tri-cities of Warangal-Hanamkonda-Kazipet.
The bank officials have opened additional counters to manage the whole affair of depositing and exchanging the currency. “We have opened four counters, two for depositing cash and two for exchanging currency” Narasimha Murthy, an assistant manager of Andhra Bank in Hanamkonda told The Hans India.
At present only Rs 4,000 could be exchanged while the customers of a particular branch could deposit the amount without any limit. However, there is a limit on withdrawal of cash as per government rules. Customers could withdraw Rs 10,000 at a time twice in a week.
As of now only Rs 100 notes were being given in exchange for Rs 500 and Rs 1000. The new currency of Rs 500 and Rs 2000 were not available, he said. However, some private banks have offered Rs 2,000 notes to customers in exchange of old currency.
However, the limit on exchange of cash and the withdrawal has been troubling many. “When the prices of all the essential commodities and goods are touching the sky, the imposing the limit on cash withdrawals will trouble the families in meeting their expenditure,” felt a housewife, Fatima John of Subedari.
