Demonetisation Row: Queues Outside Atms Ease, But Customers Throng Banks


Mumbai: Nearly 20 days after the Center’s demonetisation move, the lines outside the ATMs have facilitated however clients have been jamming the banks in extensive numbers to pull back and store cash.

Giving a window to dark cash holders, the legislature had yesterday proposed to collect an aggregate expense, punishment and extra charge of 50 for each penny on the sum kept post demonetisation while higher duties and stiffer punishment of up to 85 for every penny anticipate the individuals who don’t reveal yet are gotten.

“The lines before banks began today in evening just, nearly at all the bank offices here. However, few individuals came here to enquire about the administration’s declaration yesterday, whether they ought to first go to Income-Tax powers or approach the banks initial,” an official of a main private division moneylender at Fort in South Mumbai said.

Individuals are not very much aware of what to do to take after the administration’s declaration, he said.

Many individuals, extraordinarily who run organizations, remained in lines to pull back cash for appropriation among their laborers since it is nearly month-end.

“I require some cash to offer compensation to my laborers and this is the reason I am here,” said a man remaining in a line outside a bank in Lower Parel region.