April 28, 2026 09:35 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Nothing like playing football’: PM Modi unwinds in Sikkim after Bengal poll blitz | Crackdown on D-Company: Dawood aide Salim Dola deported to India | Mumbai horror: Man asks two security guards to recite ‘kalma’, then stabs them | ‘Fair & Lovely Babua’: TMC jabs IPS officer Ajay Pal Sharma over viral video; Akhilesh joins attack | ‘Don’t regret later’: IPS officer Ajay Pal Sharma’s warning to TMC candidate sparks BJP-TMC clash | ‘Will return for swearing-in’: Modi ends Bengal campaign, signals BJP win | Top LeT commander Sheikh Yousuf Afridi gunned down in Pakistan—Mystery gunmen strike again | 'Had a child together, now alleges rape': SC says consensual live-in breakup is not a crime | YouTuber Saleem Wastik arrested in connection with 1995 kidnapping and murder case | Maharashtra Police makes first arrest months after Akshay Kumar revealed daughter’s cyber harassment

Banks will only swap notes for senior citizens tomorrow

| | Nov 19, 2016, at 03:59 am
New Delhi, Nov 18 (IBNS): As the banks are trying to cope up with the pressure of demonetisation, they have decided to not swap old currencies on Saturday with exception to senior citizens, who can exchange up to Rs. 2,000 at one-time.

Unlike the last week's facility, the banks will remain shut this Sunday.

The banks are stopping the swapping of old high-value currency notes on Saturday to clear backlogs, reports said.

This decision has also met criticisms with West Bengal Chief Minister Mamata Banerjee raising her voice and calling the situation as financial emergency.

"Now note exchange stopped for a day. Yet another whimsical decision. Govt must explain. Is there currency shortage? Financial emergency," she tweeted.

On Thursday, the government cut the amount one can exchange over the counter to Rs. 2000.

Earlier it was set to Rs. 4500.

To put a curb on any unethical practice, banks have also been asked to use indelible ink, just like in elections, to ensure people are not exchanging more cash than is permitted.

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.