July 30, 2026 09:35 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'I received threats to join BJP': CJP founder Abhijeet Dipke's explosive allegation sparks fresh political row | Assam floods turn deadlier: 78 killed, more than 3 lakh remain affected | Supreme Court orders Delhi govt to treat protesters injured by pellet guns during NEET march | Bengal: Birbhum cash haul soars to ₹28.5 crore, 15 kg gold seized; stone trader’s manager arrested | Blue out, saffron in: Hockey India breaks silence after jersey row erupts | Ajinkya Rahane retires from international cricket: 'Melbourne hero' reveals what's next after Team India | 'I may look like young Hrithik Roshan': CJP's Saurav Das takes hilarious dig at Kangana Ranaut | Farmers storm Bhopal! Traffic crippled as protest over MSP intensifies | Supreme Court gives clean chit to Manmohan Singh in coal block scam case two years after death, accepts CBI closure report | Rahul Gandhi's 'student, idiot, andhbhakt' remark sparks uproar in Lok Sabha during anti-paper leak bill debate

Banks will only swap notes for senior citizens tomorrow

| | Nov 19, 2016, at 03:59 am
New Delhi, Nov 18 (IBNS): As the banks are trying to cope up with the pressure of demonetisation, they have decided to not swap old currencies on Saturday with exception to senior citizens, who can exchange up to Rs. 2,000 at one-time.

Unlike the last week's facility, the banks will remain shut this Sunday.

The banks are stopping the swapping of old high-value currency notes on Saturday to clear backlogs, reports said.

This decision has also met criticisms with West Bengal Chief Minister Mamata Banerjee raising her voice and calling the situation as financial emergency.

"Now note exchange stopped for a day. Yet another whimsical decision. Govt must explain. Is there currency shortage? Financial emergency," she tweeted.

On Thursday, the government cut the amount one can exchange over the counter to Rs. 2000.

Earlier it was set to Rs. 4500.

To put a curb on any unethical practice, banks have also been asked to use indelible ink, just like in elections, to ensure people are not exchanging more cash than is permitted.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.