November 23, 2024 02:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Demonetisation effect: No fee for using another bank's ATM

Demonetisation effect: No fee for using another bank's ATM

| | 10 Nov 2016, 10:21 pm
New Delhi, Nov 10 (IBNS): On a day when India faced the heat of demonetization of Rs.500 and Rs.1000 currency notes, surcharge for using ATMs, which are likely to open for public transactions from Friday, of different banks has been waived off to facilitate citizens.

Two days after his 'surgical strike' on black money, Prime Minister Narendra Modi, who reached Japan on Thursday evening, said his government is unwavering in its effort to create corruption free India.

The PM also lauded citizens' patience in dealing with the effects of demonetization of Rs.500 and Rs. 1000 notes.

In a series of tweets, PM Modi said: "So happy to learn that citizens are expressing their gratitude to bankers and getting notes exchanged in a very patient and orderly manner."

"It is also heartening to learn that people are actively volunteering to help senior citizens withdraw money and exchange their currency," the PM posted.

He hailed people for "such warmth, enthusiasm and the patience to bear limited inconvenience for a greater good is indeed very heartening."

"I assure you the Govt is unwavering in its effort to create an India that is corruption free & fruits of development touch every citizen," Modi claimed.

While Indians have appreciated PM Modi's efforts to curb black money in the country, the sudden demonetisation of the highest denominated notes, rupees five hundred and rupees thousand, have thrown life out of gear in many ways, according to reports.

With banks and automated teller machines (ATMs) remaining closed on Wednesday, people lined up before banks across India since Thursday morning to change the notes.

Union Finance Minister Arun Jaitley earlier  tweeted: "Legal tender cancellation of currency has some transient problems but we planned to handle it efficiently.No citizen will face inconvenience."

But the ground reality for the common man was rather different.

Long queues in front of banks have been reported from most cities and towns since early morning.

In many areas, the queues snaked across pavements for a long way.

Many of those queuing up were salaried people who said they did not have enough small change at home to do daily shopping.

Daily wage earners and labourers, who have their savings in the now demonetised notes, were also seen anxiously queuing up.

Not only Indians, even foreigners who had changed their currency into Indian notes, were reportedly seen worrying about getting their demonetised notes changed and were crowding to the forex bureaus.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.