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Long queues spotted in all banks, post office branches to exchange-deposit scrapped notes in NE region

Long queues spotted in all banks, post office branches to exchange-deposit scrapped notes in NE region

| | 10 Nov 2016, 07:39 pm
Guwahati, Nov 10 (IBNS): There was a frenzied rush in all banks and post offices across the North East Indian states on Thursday to exchange the now-demonetized Rs 500 and Rs 1,000 notes and withdraw money.

Long queues have been formed in all banks and post offices in the region to deposit and swap Rs 500 and Rs 1000 notes banned in a surprise announcement by the Prime Minister Narendra Modi to check black money, fake currency and stop flowing to terrorists.

In Guwahati, long queues formed in all bank and post office branches since early morning to exchange the demonetized notes.

“I had exchanged the now-demonetized Rs 500 and Rs 1000 notes of value Rs 4000 after standing in queues for three hours,” Sonali Baruah, a resident in Guwahati said.

“It is a good initiative taken by the Union government to check black money, fake currency. People have no need to panic for it,” Baruah said.

Meanwhile, a top official of RBI Guwahati regional office said that, people will draw Rs 2000 from all ATM’s in the region from Friday.

“People can easily draw the amount from any ATM from tomorrow and no need to rush,” the RBI official said.

On the other hand, over 50,000 security personnel had deployed in bank, post office branches to maintain any law & order situation.

“We had already ordered to all district police to maintain law & order situation during exchange and deposit the scrapped Rs 500 and Rs 1000 notes,” Assam police DGP Mukesh Sahai said.

(Reporting by Hemanta Kumar Nath)

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