People who turned up at various banks on the outskirts of Bengaluru on Wednesday were a disappointed lot. For, they could not get notes of smaller denominations, particularly Rs 100. Also, some banks did not entertain exchange of banned notes with new ones for want of indelible ink to mark fingers of customers.
Following an increase in the number of withdrawals of smaller denomination currency notes and slow refills, most banks and post offices issued only Rs 2,000 notes to customers.
"I came to the bank to exchange old currency worth Rs 2,500. But when I reached the bank, I was told that they do not have Rs 100 notes. So, I will have to re-fill the form and settle for one note of Rs 2,000. But that note will be of little use to me," rued Govinda Gowda, a resident of Nelamanagala.
An official at Karnataka Bank's branch at Kengeri said, "We have not received any cash since last two days. We are struggling to manage with whatever we have as every one is asking for Rs 100 and Rs 50 notes."
An official from State Bank of Mysore, Jigani branch, said: "We are trying hard to explain to people that there is shortage of Rs 100 and Rs 50. Only some understand, it is difficult to convince everyone."
Shortage of Rs 100 and Rs 50 currency has severly hit daily wage workers and vendors at Jigani and Anekal. "The number of customers has reduced and vegetables and fruits have started to rot.
We have also tied up with community banks. We pay money to them once a week and they too are not accepting Rs 500 notes stating that they have no change," said Kantharaju, a vendor.
No ink, no cash
After walking for over three kms, Radha M, a resident of Uttarahalli was told by bankers that currency will not be exchanged as they do not have the indelible ink to mark fingers.
"Till afternoon, we were exchanging money without marking fingers with indelible ink. Later, we received instructions from the head office to put everything on hold till the ink reaches banks," said a State Bank of Mysore official.
Some of the nationalised banks in Kengeri and Nelamagala had put up boards stating 'No Exchange Today.' Bankers said that as they had no indelible ink, they decided to load the ATMs with whatever cash they had so that people can withdraw cash from the machines. At the counters, banks were only allowing deposits and withdrawals. "The process of marking fingers, checking customer details and issuing cash takes around five to seven minutes per person. This has increased anxiety and frustration among people as they have to wait longer," a staff at Vijaya Bank's branch in Kengeri said.
DH News Service
![]( "People stand in a serpentine queue in front of the State Bank of Mysore at Madanayakanahalli on Tumakuru Road on Wednesday. DH photo / S K Dinesh")
People who turned up at various banks on the outskirts of Bengaluru on Wednesday were a disappointed lot. For, they could not get notes of smaller denominations, particularly Rs 100. Also, some banks did not entertain exchange of banned notes with new ones for want of indelible ink to mark fingers of customers.
Following an increase in the number of withdrawals of smaller denomination currency notes and slow refills, most banks and post offices issued only Rs 2,000 notes to customers.
"I came to the bank to exchange old currency worth Rs 2,500. But when I reached the bank, I was told that they do not have Rs 100 notes. So, I will have to re-fill the form and settle for one note of Rs 2,000. But that note will be of little use to me,” rued Govinda Gowda, a resident of Nelamanagala.
An official at Karnataka Bank’s branch at Kengeri said, "We have not received any cash since last two days. We are struggling to manage with whatever we have as every one is asking for Rs 100 and Rs 50 notes.”
An official from State Bank of Mysore, Jigani branch, said: "We are trying hard to explain to people that there is shortage of Rs 100 and Rs 50. Only some understand, it is difficult to convince everyone.”
Shortage of Rs 100 and Rs 50 currency has severly hit daily wage workers and vendors at Jigani and Anekal. "The number of customers has reduced and vegetables and fruits have started to rot.
We have also tied up with community banks. We pay money to them once a week and they too are not accepting Rs 500 notes stating that they have no change,” said Kantharaju, a vendor.
No ink, no cash
After walking for over three kms, Radha M, a resident of Uttarahalli was told by bankers that currency will not be exchanged as they do not have the indelible ink to mark fingers.
"Till afternoon, we were exchanging money without marking fingers with indelible ink. Later, we received instructions from the head office to put everything on hold till the ink reaches banks,” said a State Bank of Mysore official.
Some of the nationalised banks in Kengeri and Nelamagala had put up boards stating 'No Exchange Today.’ Bankers said that as they had no indelible ink, they decided to load the ATMs with whatever cash they had so that people can withdraw cash from the machines. At the counters, banks were only allowing deposits and withdrawals. "The process of marking fingers, checking customer details and issuing cash takes around five to seven minutes per person. This has increased anxiety and frustration among people as they have to wait longer,” a staff at Vijaya Bank’s branch in Kengeri said.
DH News Service
Following an increase in the number of withdrawals of smaller denomination currency notes and slow refills, most banks and post offices issued only Rs 2,000 notes to customers.
"I came to the bank to exchange old currency worth Rs 2,500. But when I reached the bank, I was told that they do not have Rs 100 notes. So, I will have to re-fill the form and settle for one note of Rs 2,000. But that note will be of little use to me," rued Govinda Gowda, a resident of Nelamanagala.
An official at Karnataka Bank's branch at Kengeri said, "We have not received any cash since last two days. We are struggling to manage with whatever we have as every one is asking for Rs 100 and Rs 50 notes."
An official from State Bank of Mysore, Jigani branch, said: "We are trying hard to explain to people that there is shortage of Rs 100 and Rs 50. Only some understand, it is difficult to convince everyone."
Shortage of Rs 100 and Rs 50 currency has severly hit daily wage workers and vendors at Jigani and Anekal. "The number of customers has reduced and vegetables and fruits have started to rot.
We have also tied up with community banks. We pay money to them once a week and they too are not accepting Rs 500 notes stating that they have no change," said Kantharaju, a vendor.
No ink, no cash
After walking for over three kms, Radha M, a resident of Uttarahalli was told by bankers that currency will not be exchanged as they do not have the indelible ink to mark fingers.
"Till afternoon, we were exchanging money without marking fingers with indelible ink. Later, we received instructions from the head office to put everything on hold till the ink reaches banks," said a State Bank of Mysore official.
Some of the nationalised banks in Kengeri and Nelamagala had put up boards stating 'No Exchange Today.' Bankers said that as they had no indelible ink, they decided to load the ATMs with whatever cash they had so that people can withdraw cash from the machines. At the counters, banks were only allowing deposits and withdrawals. "The process of marking fingers, checking customer details and issuing cash takes around five to seven minutes per person. This has increased anxiety and frustration among people as they have to wait longer," a staff at Vijaya Bank's branch in Kengeri said.
DH News Service
People who turned up at various banks on the outskirts of Bengaluru on Wednesday were a disappointed lot. For, they could not get notes of smaller denominations, particularly Rs 100. Also, some banks did not entertain exchange of banned notes with new ones for want of indelible ink to mark fingers of customers.Following an increase in the number of withdrawals of smaller denomination currency notes and slow refills, most banks and post offices issued only Rs 2,000 notes to customers.
"I came to the bank to exchange old currency worth Rs 2,500. But when I reached the bank, I was told that they do not have Rs 100 notes. So, I will have to re-fill the form and settle for one note of Rs 2,000. But that note will be of little use to me,” rued Govinda Gowda, a resident of Nelamanagala.
An official at Karnataka Bank’s branch at Kengeri said, "We have not received any cash since last two days. We are struggling to manage with whatever we have as every one is asking for Rs 100 and Rs 50 notes.”
An official from State Bank of Mysore, Jigani branch, said: "We are trying hard to explain to people that there is shortage of Rs 100 and Rs 50. Only some understand, it is difficult to convince everyone.”
Shortage of Rs 100 and Rs 50 currency has severly hit daily wage workers and vendors at Jigani and Anekal. "The number of customers has reduced and vegetables and fruits have started to rot.
We have also tied up with community banks. We pay money to them once a week and they too are not accepting Rs 500 notes stating that they have no change,” said Kantharaju, a vendor.
No ink, no cash
After walking for over three kms, Radha M, a resident of Uttarahalli was told by bankers that currency will not be exchanged as they do not have the indelible ink to mark fingers.
"Till afternoon, we were exchanging money without marking fingers with indelible ink. Later, we received instructions from the head office to put everything on hold till the ink reaches banks,” said a State Bank of Mysore official.
Some of the nationalised banks in Kengeri and Nelamagala had put up boards stating 'No Exchange Today.’ Bankers said that as they had no indelible ink, they decided to load the ATMs with whatever cash they had so that people can withdraw cash from the machines. At the counters, banks were only allowing deposits and withdrawals. "The process of marking fingers, checking customer details and issuing cash takes around five to seven minutes per person. This has increased anxiety and frustration among people as they have to wait longer,” a staff at Vijaya Bank’s branch in Kengeri said.
DH News Service