Delhi braves chilly nights to beat the rush at banks, ATMs
Demonetisation in India has caused banks and ATM’s to run dry across the country. Due to this, people are queuing outside banks early morning to exchange their old notes. (Arun Sharma/HT PHOTO)
Updated on: Nov 20, 2016 1:24 AM IST
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Demonetisation in India has caused banks and ATM’s to run dry across the country. Due to this, people are queuing outside banks early morning to exchange their old notes. (Arun Sharma/HT PHOTO)
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Updated on Nov 20, 2016 1:24 AM
From bringing blankets, mats and lunch boxes, to reserving a place for themselves in a queue, they have almost turned it into an opportunity to relax, socialise and collaborate. (Arun Sharma/HT PHOTO)
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While the queues become longer as the day progresses, the shared inconveniences faced by people have also generated a sense of camaraderie. (Arun Sharma/HT PHOTO)
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Though in recent turn of events, some new changes will be implemented. From Friday, people can only exchange Rs 2,000 in cash over the counter in banks. The earlier limit was Rs 4,500. This is a one-time exchange. (Arun Sharma/HT PHOTO)
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People who have weddings scheduled can withdraw Rs 2.5 lakh from one bank account in the family: father, mother, bride or groom. People will have to self-declare that money will withdrawn from only one account in the family. (Arun Sharma/HT PHOTO)
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Central government employees can withdraw up to Rs 10,000 in cash against their November salary. (Arun Sharma/HT PHOTO)
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Farmers can withdraw up to Rs 25,000 in cash per week from accounts in their names. (Arun Sharma/HT PHOTO)
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Traders in local farm markets can withdraw Rs 50,000 in cash from banks. (Arun Sharma/HT PHOTO)
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Banks will also mark your finger with indelible ink – the kind used during polls – to stop you from coming back to exchange cash multiple times. The process will begin from Tuesday at major cities. Government says multiple withdrawals in cash are the reason behind long queues at banks. (Arun Sharma/HT PHOTO)
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All Jan Dhan accounts with cash deposits more than Rs 50,000 will be closely monitored because these accounts are being used by money launderers to park illegal cash. (Arun Sharma/HT PHOTO)
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