Demonetisation effect: Bank Manager in Nellore dies due to work pressure
According to reports, a deputy manager of State Bank of India, in Nellore, Andhra Pradesh, S.K. Sheriff collapsed while working.
The 46-year-old reportedly collapsed due to heavy work pressure.
He was immediately admitted to the nearby hospital but succumbed to death.
Sheriff is survived by his wife and two children.
As massive serpentine queues are being witnessed in front of banks across the country to exchange the now abolished Rs. 500 and Rs.1000 notes with smaller denominations, the bank employees are working extra hours to cope up with the demands.
The Government has asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.
It has also announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.
The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30
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