To avoid overcrowding in the banks due to crisis of Rs100 and Rs500 notes, most of the Government employees stayed away from the bank branches on Thursday.
Most of the people depended on ATMs for small withdrawals despite that the conditions in the banks did not improve. The customers that reached bank branches were provided only Rs2,000 notes and if they demanded smaller denomination notes the banks gave them bundles of Rs10 and Rs20 notes stating that Rs100 and Rs500 notes are being kept only for the ATMS.
Though, the bankers are hopeful that in a day or two the conditions would improve much more.
The woes of customers at the ATMS also continued as most of the ATMS remained closed due to not having cash. The residents of BHEl, old city and other parts of the city had to make rounds of several ATMS to fulfill their need of cash.
The maximum pressure of salary and pension is on State Bank of India (SBI) that has decided to keep its 90 per cent ATMs operational.
Meanwhile, meeting the demand of the banks union, security was provided to the banks and the Reserve Bank has also taken steps to ease out the crowd in the banks by deciding to provide 30 per cent more cash to those branches that have more salary and pension accounts. Besides, such branches have been asked to deploy more staff to meet the work pressure.
Notably, the Union Government announced to withdraw Rs500 and Rs1000 notes on November 8, 2016.
Several methods were announced to change the demonetized notes so that the people should not face problems. The Rs1000 note is totally demonetized by the Government now and it had introduced new Rs500 notes while Rs2000 notes were introduced for the first time in the country.