Pay day blues for salaried class

Pay day blues for salaried class
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Highlights

The first day of December began on a bitter note for the salaried and pensioners as most people returned disappointed even after standing in queues since early in the morning on Thursday. 

The first day of December began on a bitter note for the salaried and pensioners as most people returned disappointed even after standing in queues since early in the morning on Thursday.

Employees of private firms including IT companies, housewives, traders, students and daily wage earners all had the same complaint - low cash or no cash in banks.

On the 23rd day after the scrapping of Rs 1,000 and Rs 500 notes, there was no relief for people. In fact, the salary day only added to their woes.

The queues turned longer as people lined up as early as at 6 am to draw money to meet their financial commitments on the first day of the month.

It was disappointment for them as majority of the banks allowed customers to draw only Rs 4,000 to Rs 6,000. The situation was worse at ATMs, with almost all of them closed.

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