Students of the Ispat Autonomous College faced a problem on Wednesday since the last date for filling up their form was on the day but they did not have money of Rs 100 notes and below denominations. The college authorities refused to accept Rs 500 and Rs 1,000 notes.
When tension prevailed in the college, the Principal agreed to give a day extension to the concerned students to deposit their fees by cheque or online or by cash of required denominations.
After Prime Minister Narendra Modi declared about scrapping of Rs 500 and Rs 1,000 currency notes on Tuesday night, people in Sundargarh district looked panicky. Many even started counting how many high denomination notes were available with them and in their houses.
As thousands of people stood in queue to take Rs 100 denomination notes, most ATM counters witnessed heavy rush till late night on Tuesday. On Wednesday, since all the ATMs and bank transaction remained closed, people were seen in market in few numbers as shops refused to accept Rs 500 and Rs 1,000 notes except petrol pumps, medicals and medicine stores.