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: