Two days after Prime Minister Narendra Modi shocked the nation by announcing the demonetisation of Rs 500 and Rs 1000 notes, banks around the country reopened to long lines, chaos and a few fist fights.
Banks and ATMs were shut yesterday to remove old Rs. 500/1000 notes and stock them with lower denomination and new hard-to- fake Rs. 500 and Rs 2,000 currency notes. So when they opened on Thursday morning, they were greeted by long queues -- the kind we haven't seen outside banks for a long. long time.
In many cases, it may take you most of the working day if you want to deposit your money in the bank today itself.
Banks have also announced a slew of measures, including extension of banking hours, doing away with ATM charges and expanding credit limits to handle the expected huge rush to tender now defunct Rs 500 and 1000 notes.
Here are a few tweets which give you a glimpse of the chaos:
In North East Delhi this lady brought along her daughter's wedding card, hoping the bank will agree to give her more than Rs 2000! pic.twitter.com/OlCHSamM3a— Rahul Kanwal (@rahulkanwal) November 10, 2016
Have already witnessed two fistfights over money in the last 12 hours - over a taxi fare and at the bank.— Alisha Coelho (@AlishaCoelho) November 10, 2016
Long queues extending to roads seen in Delhi's Chandni Chowk area as banks reopen for the first time after Govt withdraws Rs 500/1000 notes pic.twitter.com/nwCBiW7sk3— ANI (@ANI_news) November 10, 2016
Delhi: People queue up outside banks in Khan Market to exchange scrapped notes after Govt announcement to withdraw Rs 500/1000 notes pic.twitter.com/9FpmmAP0UY— ANI (@ANI_news) November 10, 2016
In my sbi branch they are saying that per person will get 1000 rupees in exchange, not 4000 as there is not adequate currency available.— Dipankar. (@deep_anchor) November 10, 2016
Siliguri (West Bengal): Huge crowd gathered outside banks as it reopens for the first time after Govt withdraws Rs 500/1000 notes pic.twitter.com/tlAxc3gasn— ANI (@ANI_news) November 10, 2016
Bihar: Chaos outside a bank in Patna after people queue up in huge numbers to deposit/exchange Rs 500/1000 notes pic.twitter.com/Czk5TvBBTD— ANI (@ANI_news) November 10, 2016