Published On: Sun, Nov 13th, 2016

Sunday proves no different for people in need of money

Kolkatal: People were in for a shock on a Sunday morning as the sight of long queues in front of bank branches and ATMs across West Bengal greeted them on the fifth day after Rs 600 and Rs 1,000 currency notes were demonetised.

People standing in a long queue to exchange their old Rs 500 and 1,000 notes at a bank.

People standing in a long queue to exchange their old Rs 500 and 1,000 notes at a bank.

With all bank branches open today as per the RBI directive to deal with the unprecedented situation, people formed serpentine queues in front of banks from as early as 6 AM to withdraw money.

Some people were lucky to have been able to withdraw money from a few operating ATMs, but given the huge demand for cash it proved to be just drops of water in a ocean.

The average Bengali bhadralok had to tweak their morning routine by first queueing up before an ATM rather than a milk booth or a fish market on a Sunday morning.

There was also the unusual sight of large retail markets like Lake Market, Gariahat and Maniktala in the south and northern parts of the metropolis witnessing little footfall compared to the usual sight of heavy crowd on weekends.

“Generally, I sell more than Rs 1 lakh worth of fish on a Sunday morning, but today I could manage to sell fish worth a few thousand Rupees,” Apu Naskar, a fish seller at Lake Market, said.

A few shopkeepers some markets are still accepting old Rs 500 and Rs 1,000 notes in view of the situation and to sell their fast perishable goods, but on condition that the transaction would be worth at least Rs 500 or in multiples.

A fish seller at Kasba CIT market was even seen with a placard hung around his neck stating that he would accept Rs 500 or Rs 1,000 notes if the sale was worth at least Rs 300.

Predictably, there was a large crowd of buyers in front of his shop.

But the most harrassed of all remained those with medical emergencies as most medicine shops and many private hospitals refused to accept old currencies of Rs 500 and Rs 1000 denomination.

Exuberance of many people who could manage to withdraw money from bank branches found their joy to be shortlived as they could not get change for Rs 2000 notes at grocery shops or buying other materials of small price.

The scene was repeated across the state as people had little or no money with them or had Rs 2,000 notes which proved to be useless for want of change in the hands of the shopkeepers.

Payments could not be made for different needs of people ranging from buying things of daily needs to plumbing or small electrical works at households.

PTI

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