"Barkat Sheikh died due to a heart attack when he was standing in a queue at the Corporation Bank branch to exchange his demonetised notes," Tarapur police inspector K C Rathwa said.
Sheikh, who hailed from nearby Moraj village in Tarapur tehsil, was rushed to a private hospital where he died during treatment, Rathwa said.
"Sheikh had to pay money to farm labourers and needed to exchange the demonetised currency notes. He was standing in the line for around two hours after which he suffered the attack," he said.
Long queues were seen outside banks even today as people jostled to exchange the demonetised Rs 1,000 and Rs 500 currency notes across the country.