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Serpentine queue lines at Banks


There were very very long queue lines at Banks to Exchange Old Notes. After the abolition of Big notes Rs 500 and Rs 1000 denominations people faced lot of problems as there was little liquid cash to meet their needs. ATMs started working from Friday after the shutdown from Tuesday Midnight. Most of the banks deposited Rs 100 denomination notes so people rushed to the nearest ATMs for cash, with this within a few minutes all the ATMs got empty. Banks said that there is no charge for the cash with drawal upto December, 30th. Earlier if the withdrawal exceeds three times they used to charge fee upto Rs 15 for every transaction. From Friday to November, 18th every person can withdraw Rs 2000 after November, 19th this would be increased upto Rs 4000. Even though Banks worked on Thursday there was serpentine queue lines and it was very difficult to exchange cash.