Rs 500, Rs 1000 exchange: Long queues seen outside banks, ATMs
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Thousands of people flocked to banks on Thursday for exchange or deposit of monetised currency notes of Rs 500 and Rs 1,000.
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Though it was announced that the banks will open at 8 a.m., the transactions started only at 9 a.m. While some banks like ICICI opened the doors for public at 9 a.m., many public sector banks had not opened even at 10 a.m.
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The exchange limit was for Rs 4,000. The bank officials were giving a new note of Rs 2000 and 20 notes of Rs 100. They said the bank had not received new notes of Rs 500.