Indelible ink from today at Chandigarh banks | Demonetisation Chaos

Demonetisation Indelible Ink to prevent repeated exchange

Chandigarh: A few other cities in India have started using indelible ink and are experiencing a little shorter queues. However, the Centre’s announcement regarding marking indelible ink on fingers of customers to prevent repeated currency exchange at banks is yet to show its impact in Chandigarh.

 

Most banks are yet to implement it. They say they have also read about it in newspapers but have not received any notification regarding it yet.

 

However, the SBI main branch in Sector 17 started marking ink on fingers of customers coming for exchanging currency notes of Rs 500 or Rs 1,000 this afternoon. Other banks, including UCO Bank, Allahabad Bank and Punjab National Bank, at Bank Square, Sector 17, are yet to start it.

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An official of a private bank said on condition of anonymity, “Today, we bought ink from the market and marked a few customers. However, we later got to know that it has to be supplied by the RBI as the one we are using has a temporary effect.

”Economic Affairs Secretary Shaktikanta Das announced the decision following reports of people attempting to convert their black money into white by visiting banks multiple times. “It has been eight days since banks started exchanging currency.

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Such steps should have been implemented properly from day one as many people have already made hay,” said Shankar Prasad, a resident of Sector 47, while standing in a queue outside a bank.Banks and ATMs continued to see rush of people today. Long queues were witnessed since morning at banks as people rushed to exchange, deposit or withdraw money.

However, the rush eased by the afternoon. Several ATMs ran out of money, causing inconvenience to people.

Meanwhile, currency notes of Rs 10, Rs 20, Rs 100 and Rs 2,000 were given by many bank branches. There were earlier reports of scarcity of notes of smaller denominations as people were getting only Rs 2,000 currency notes.

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Source: Tribune, Agencies