First day at banks: People suffer but ‘Kaka is in Japan!’

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Banks across the country on Thursday witnessed a deluge of people thronging their branches to exchange their old notes of Rs 500 and Rs 1,000 and also to withdraw new denominations. As ordinary citizens struggled to bring some much-needed sanity in their lives, Prime Minister Narendra had left the country for a three-day trip to Japan.

Social media platforms including Twitter and Facebook have been inundated with users sharing their woes and other experiences and how they were made to suffer in their desperation to have their own cash from their banks.

Following the demonetisation announcement by Prime Minister Narendra Modi, banks were shut yesterday to stock lower denomination cash and new security-featured Rs 500 and Rs 2,000 notes.

 Japan

Though, banks had made additional arrangements for exchanging cash and deposit of old high denomination notes in order to handle heavy rush, the demand simply outweighed the supply.

Several branches of ICICI, HDFC and Axis banks in Delhi-NCR ran out of cash by noon until a fresh delivery was made in the afternoon.

Petrol pumps too witnesses long queues third day in a row while patients were seen struggling at private hospitals in the absence of ‘valid’ currency.

Banks have been asked to be open on weekends including Sunday to deal with the situation.

In order to meet the demand of new currency notes, the government has imposed a limit on withdrawal of Rs 10,000 per day and Rs 20,000 per week at the branch. This limit, however, will be increased in the coming days.

Here are some reactions from Facebook and Twitter:

Vineeta Dwivedi: There are a large number of shops which don’t accept any cards. People don’t have new cash. And the queues outside banks are too long and painful in the 30 deg heat. Private hospitals can’t take the old currency. Many private doctors don’t take cards. And this is in Mumbai. There is chaos!

Vivek Raj: And Kaka is in Japan!

Gitanjali Singhal:  Serious lack of planning will coz more chaos and inconvenience . Cash is a medium of transaction in India . Still the largest and that is not black money . Also disrupting the entire unorganised sector in one blow is not a good move . It will cause pain and disruption in many markets and households and everyone will suffer.

 

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