People throng banks, POs to exchange demonetised notes

Ahmedabad: Hundreds of people thronged bank branches since early morning in different parts of Gujarat to exchange the now-invalid Rs 500 and Rs 1,000 notes.

Demonetisation of Rs500 and Rs 1000notes: Banks to exchange old currency from today or extend working hours.
People wait outside banks for long hours to exchange old currency notes.

Long queues were seen outside all bank branches in the state as several of them started dispensing new notes, while several others awaited the arrival of new notes.

Post offices were yet to receive the new notes and people who went to get their old notes exchanged were only given Rs 100 and Rs 50 denominations notes.

While banks were closed yesterday to make preparations for disbursement of the new currency, in place of the demonetised notes, people were faced hardships in procuring them today as new notes had not reached many branches and post offices.

Whereas, people who got new notes expressed happiness after receiving them.

Some people were seen queueing up outside various banks in the city as early as 6 am to exchange the old notes.

“I ran out of cash to meet my daily needs. If I do not get new notes, I would be in big trouble. To make sure that I get new notes today, I have came here very early. However, many others were already in the queue when I reached at 6 AM,” said A Patel of New Ranip, a bank account holder in SBI.

Similar queues can be seen outside almost all the banks in the city as well as other parts of the state today.

“We have no notes of Rs 50 or Rs 100 for daily use, have run out of it, so urgently need money. Which is why we arrived here early morning,” said Suresh Dalal, who stood outside to withdraw money from the RBI centre.

Senior citizens complained that there were no separate queues for them and the banks opened late.

“Knowing that people have arrived here since early morning, the bank should have opened at least on time if not early. There is no separate queue for senior citizens,” an elderly woman at a Bank of Baroda branch in Surat said.