Demonetisation aftermath: Kolkata man dies standing in queue to exchange notes
According to reports, the man- Md. Cheni- had been standing in a queue outside a local SBI branch since Friday morning to exchange his scrapped 500/1000 rupees notes.
At around 2 pm, he fell senseless to the ground and was rushed to his residence nearby, where a local doctor declared him dead.
Following the incidents, a large number of local people staged demonstration in front of the bank.
A huge police force were deployed to the scene to bring the situation under control.
The Government has scrapped the Rs. 1000 and Rs. 500 notes with effect from Nov 8 midnight to fight black money.
In unprecedented scenes, millions of people since Nov 10 morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.
The Government has asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.
It has also announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.
The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30
(Reporting by Deepayan Sinha)
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