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Currency ban: Bengal CM Mamata Banerjee visits Kolkata bank-ATMs to witness situation

Currency ban: Bengal CM Mamata Banerjee visits Kolkata bank-ATMs to witness situation

| | 12 Nov 2016, 04:24 pm
Kolkata, Nov 12 (IBNS): When general people are standing in a queue for hours to exchange or deposit currencies following Indian Prime Minister Narendra Modi's decision to demonetize Rs 500 and Rs 1000 notes, West Bengal Chief Minister Mamata Banerjee on Saturday visited several banks and ATMs in Kolkata to check the situation.

Banerjee went to at least three nationalized banks and its ATMs at Chowranghee and Minto Park areas in southern part of the city and met general people, standing in the queues.

She asked them and bank staffers as well about all problems, they were suffering.

"I visited several banks and at least 50 ATMs in Kolkata today. None is getting 50/100 Rs notes, all are receiving 2000 Rs notes from Banks and ATMs," Mamata Banerjee said.

The Chief Minister suggested people to take only 100 Rs notes to avoid any trouble in market.

The Government has scrapped the Rs. 1000 and Rs. 500 notes with effect from Tuesday midnight to fight black money. 

In unprecedented scenes, millions of people on Thursday morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.

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 December 30

Banks will remain open this weekend and many banks have announced longer working hours.

(Reporting by Deepayan Sinha)

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