First encounter with Rs 2,000 note: People swarm bank branches in Jalandhar | punjab$jalandhar | Hindustan Times
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First encounter with Rs 2,000 note: People swarm bank branches in Jalandhar

punjab Updated: Nov 11, 2016 14:56 IST
Aakanksha N Bhardwaj
2000 notes

A heavy rush at main brach of State Bank Of India to deposit or exchange currency notes of Rs 500 and Rs 1000 in Jalandhar on Thursday.(Pardeep Pandit/HT Photo)

People standing in queues with wad of scrapped currency notes outside banks, waiting and infuriated over the delay that was being caused due to heavy rush, closed gates of banks leading to arguments between customers and security guards, depicted the Thursday scene outside most of the banks in the city.

The day was unusual as the banks opened on Thursday after remaining closed on Wednesday after the announcement of demonatisation of Rs 500 and Rs1,000 currency notes.

A migrant labourer receiving new currency notes of Rs 2000 from a bank in Jalandhar on Thursday. (Pardeep Pandit/HT Photo)

Bank gates closed

The gates of the banks were closed because of heavy rush and the security guards were asked to make people enter turn-wise resulting in hours of waiting for the customers.

Since it was a pay day on Thursday, workers working in factories in focal point, Gadaipur and Industrial area thronged the banks to get their money deposited.

Vijay Kumar, a worker who was standing in a queue outside Punjab National Bank branch at Focal point said, “I had come here at 10 in the morning, I stood here for an hour. When the line was not moving, I went back to work as I didn’t want my day’s salary to get cut. Now I have come, but the position is still the same.

Some also alleged that the banks were giving biased treatment and favouring some customers while they were standing in long queues and suffering.

Meanwhile, it was like a festival for those who got received the new `2,000 notes. Purushottam Lal, a shopkeeper who had come to exchange the currency was the first one at Bank of India branch to get two notes of `2,000 and was euphorically showing it to others. There was satisfaction on the faces of those who got rid of the scrapped notes.

No exchange of money in few banks

Meanwhile, a few banks did not receive cash, thus no exchange of currency took place but deposition of the money was going on. Amrit Lal, general secretary, All India Bank of Baroda employees said, “The panic will subside in coming days, there is no need for people to worry or create any panic.”