The clamour at banks and ATMsintensified across Karnataka on Saturday. Most ATMs were shut and banks ran out of cash, much to the disappointment of people who had spent hours standing in queues in Bengaluru, Mysuru, Mangaluru, Shivamogga, Hubballi-Dharwad and Kalaburagi.
The government, which demonetised Rs 500 and Rs 1,000 notes on Tuesday, has been handing out new notes for old ones since Thursday.
Saturday being a holiday for IT professionals, many made a beeline for banks and ATMs as early as 8 am. Government employees also lined up in huge numbers, taking advantage of their holiday. (State government offices are closed every second Saturday, while Central government offices, with a five-day week, are closed on all
Saturdays.)
At 10 am, Aarif Khan, a resident of Shivajinagar, stood in a queue at a nationalised bank in the hope of getting new notes. But the bank soon ran out of currency. He told DH: "I needed money badly and had no choice but to stand in the sun for two hours. I finally got my old notes exchanged."
Indian Bank on Infantry Road ran out of cash by 1 pm. "The demand for exchange is greater than the rush to deposit cash, and we expect bigger crowds on Sunday," a bank employee said.
Many early birds
A security guard at the State Bank of Mysore, Hennur branch, said people started queuing up and filling forms at 8 am. The bank opens only at 9.30 am.
R Sridhar from Basavanagudi rued, "Only one counter was operational at our bank for deposits. The two normally operational counters, one for less than Rs 20,000 and the other for more, were not functional."
Many ATMs in Shivajinagar, Nagawara and Jayanagar displayed scribbled no cash notices. Where ATMs were functional, people stood waiting in long queues.
Hospital woes
With ATMs remaining shut, Mary Stella from Koramangala said she didn't know what to do. "My sister has been admitted to Bowring Hospital and they are not accepting Rs 500 and Rs 1,000 notes. Where should I go now?" she
wondered.![]( "People queue at a bank to get new currency in Bengaluru on Saturday. DH PHOTO/Kishor Kumar Bolar")
The clamour at banks and ATMs intensified across Karnataka on Saturday. Most ATMs were shut and banks ran out of cash, much to the disappointment of people who had spent hours standing in queues in Bengaluru, Mysuru, Mangaluru, Shivamogga, Hubballi-Dharwad and Kalaburagi.
The government, which demonetised Rs 500 and Rs 1,000 notes on Tuesday, has been handing out new notes for old ones since Thursday.
Saturday being a holiday for IT professionals, many made a beeline for banks and ATMs as early as 8 am. Government employees also lined up in huge numbers, taking advantage of their holiday. (State government offices are closed every second Saturday, while Central government offices, with a five-day week, are closed on all
Saturdays.)
At 10 am, Aarif Khan, a resident of Shivajinagar, stood in a queue at a nationalised bank in the hope of getting new notes. But the bank soon ran out of currency. He told DH: "I needed money badly and had no choice but to stand in the sun for two hours. I finally got my old notes exchanged.”
Indian Bank on Infantry Road ran out of cash by 1 pm. "The demand for exchange is greater than the rush to deposit cash, and we expect bigger crowds on Sunday,” a bank employee said.
Many early birds
A security guard at the State Bank of Mysore, Hennur branch, said people started queuing up and filling forms at 8 am. The bank opens only at 9.30 am.
R Sridhar from Basavanagudi rued, "Only one counter was operational at our bank for deposits. The two normally operational counters, one for less than Rs 20,000 and the other for more, were not functional.”
Many ATMs in Shivajinagar, Nagawara and Jayanagar displayed scribbled 'no cash' notices. Where ATMs were functional, people stood waiting in long queues.
Hospital woes
With ATMs remaining shut, Mary Stella from Koramangala said she didn’t know what to do. "My sister has been admitted to Bowring Hospital and they are not accepting Rs 500 and Rs 1,000 notes. Where should I go now?” she
wondered.
The government, which demonetised Rs 500 and Rs 1,000 notes on Tuesday, has been handing out new notes for old ones since Thursday.
Saturday being a holiday for IT professionals, many made a beeline for banks and ATMs as early as 8 am. Government employees also lined up in huge numbers, taking advantage of their holiday. (State government offices are closed every second Saturday, while Central government offices, with a five-day week, are closed on all
Saturdays.)
At 10 am, Aarif Khan, a resident of Shivajinagar, stood in a queue at a nationalised bank in the hope of getting new notes. But the bank soon ran out of currency. He told DH: "I needed money badly and had no choice but to stand in the sun for two hours. I finally got my old notes exchanged."
Indian Bank on Infantry Road ran out of cash by 1 pm. "The demand for exchange is greater than the rush to deposit cash, and we expect bigger crowds on Sunday," a bank employee said.
Many early birds
A security guard at the State Bank of Mysore, Hennur branch, said people started queuing up and filling forms at 8 am. The bank opens only at 9.30 am.
R Sridhar from Basavanagudi rued, "Only one counter was operational at our bank for deposits. The two normally operational counters, one for less than Rs 20,000 and the other for more, were not functional."
Many ATMs in Shivajinagar, Nagawara and Jayanagar displayed scribbled no cash notices. Where ATMs were functional, people stood waiting in long queues.
Hospital woes
With ATMs remaining shut, Mary Stella from Koramangala said she didn't know what to do. "My sister has been admitted to Bowring Hospital and they are not accepting Rs 500 and Rs 1,000 notes. Where should I go now?" she
wondered.
The clamour at banks and ATMs intensified across Karnataka on Saturday. Most ATMs were shut and banks ran out of cash, much to the disappointment of people who had spent hours standing in queues in Bengaluru, Mysuru, Mangaluru, Shivamogga, Hubballi-Dharwad and Kalaburagi. The government, which demonetised Rs 500 and Rs 1,000 notes on Tuesday, has been handing out new notes for old ones since Thursday.
Saturday being a holiday for IT professionals, many made a beeline for banks and ATMs as early as 8 am. Government employees also lined up in huge numbers, taking advantage of their holiday. (State government offices are closed every second Saturday, while Central government offices, with a five-day week, are closed on all
Saturdays.)
At 10 am, Aarif Khan, a resident of Shivajinagar, stood in a queue at a nationalised bank in the hope of getting new notes. But the bank soon ran out of currency. He told DH: "I needed money badly and had no choice but to stand in the sun for two hours. I finally got my old notes exchanged.”
Indian Bank on Infantry Road ran out of cash by 1 pm. "The demand for exchange is greater than the rush to deposit cash, and we expect bigger crowds on Sunday,” a bank employee said.
Many early birds
A security guard at the State Bank of Mysore, Hennur branch, said people started queuing up and filling forms at 8 am. The bank opens only at 9.30 am.
R Sridhar from Basavanagudi rued, "Only one counter was operational at our bank for deposits. The two normally operational counters, one for less than Rs 20,000 and the other for more, were not functional.”
Many ATMs in Shivajinagar, Nagawara and Jayanagar displayed scribbled 'no cash' notices. Where ATMs were functional, people stood waiting in long queues.
Hospital woes
With ATMs remaining shut, Mary Stella from Koramangala said she didn’t know what to do. "My sister has been admitted to Bowring Hospital and they are not accepting Rs 500 and Rs 1,000 notes. Where should I go now?” she
wondered.