Womansera

Demonetisation Drive: People Suffer As Indian Banks Run Dry

Hara-kiri prevailed at banks and ATM’s on the 4th consistent day as people struggled to get their money converted into new currency notes all over India. Many people, who had stationed outside the banks hours before it opened, had to wait for until 4-5 hours to get their money converted. There were also some people who left the queues dejected as the lines never ceased to end.

The situation was more chaotic outside government banks than the private ones as people were congregated in longer queues outside them. Barricades had to be installed outside the entrance of banks as people kept losing their cool at the snail paced lines. Separate queues were aligned for women to reduce the chaos but it didn’t make any significant difference in the situation.

Ramesh Kumar, a regular employee at a private firm in Jhandewalan extension, told Woman’s Era, “I am sitting here since nine in the morning and its 12:30 in the afternoon already. I had come early today so that I do not have to stand in long queues but I think I am not the only person who came up with this idea. I had come here yesterday as well but had to leave early as I cannot let my job suffer because of all this. I think I’ll have to leave it today as well.”

 

The availability of new currency notes is not helping the case either as many ration stores and grocery outlets are refusing to accept the new Rs. 2000 note, citing difficulty to give change to the customers. Shopkeepers are blatantly demanding the exact amount from the customers for the products and are refusing to sell products otherwise. Some reports also suggested that some ration stores are selling groceries at extortionate prices to compensate the loss. Reports suggest that prices of ionised salt have skyrocketed to Rs 500/kg in Uttar Pradesh.

Though the central government has assured that enough cash is available for the money transition, lack of management and slow services are proving a menace for the common man.