Business Standard

Bank queues shorten in Delhi, ATMs remain crowded

Image

Press Trust of India New Delhi
On the 13th day of demonetisation, the queues outside banks in the national capital seemed to have reduced comparatively even though ATMs continued to witness huge crowd.

According to some bank officials, the queues have reduced relatively due to use of indelible ink.

"The number of people coming for exchanging old notes of Rs 500 and Rs 1000 have reduced after we have started putting ink marks. However, people continue to come for withdrawals and for depositing money," said a bank employee.

An old Delhi resident, 59-year-old Munawar was relieved as he was able to deposit his money in less than half-an-hour.
 

"My turn came in less than 30 minutes. It was such a relief. When I had come last time, I had to wait for almost three hours. Today there were less people. Also work was happening fast," he said.

However, long queues were seen outside ATMs.

"I was in dire need of cash yesterday and I went to five ATMs but none of them had cash. Finally today evening I could take out money," said a 34-year-old resident of Mayur Vihar.

The Delhi Transporters Association today said demonetisation has been causing "complete disarray" to the goods transportation and trucking business across the country and demanded the limit for toll collection and acceptance of the old currency at petrol-diesel outlets extended beyond November 24.

"Trucking business is largely cash-reliant for en-route expenses like purchase of fuel, toll payments, payment of green tax, drivers boarding lodging, repairs, payments to loaders/unloaders etc.

"80 per cent of trucks have already stopped plying due to cash crunch of new currency. The remaining 20 per cent of the trucks are also on the verge of stopping if these limits are not extended till the currency position eases," the Association said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 22 2016 | 9:22 PM IST

Explore News