Panchkula: As the bank sessions continued its activities on the seventh day, which is going on all over the nation following the government decision of abolishing currency notes of Rs 500 and Rs 1000, the queues were however seen at several banks but with a low frequency on Wednesday.
However the chaos at city banks and ATM’s resisted but the residents had to face tough time as the ATM’s continue to disappoint the people. Almost all ATMs run dry within hours as they can dispense only Rs 100 currency; and majority of them were already empty and few were out of order. Banks too struggled to cater to all customers coming to exchange old currency as flow of cash is slow.
A week after the Prime Minister declared the Rs 500 and Rs 1,000 banknotes defunct, people are facing harrowing times to exchange old currency with the new one or withdraw money from ATMs.
On the other hand, government decision of using indelible ink to prevent multiple withdrawals remained ineffective as only few banks started with the process. Bank of Baroda, Sector 8, Panchkula and Punjab National Bank, Sector 25 started with the process as the bank officials applied indelible ink on customer’s finger after exchange of currency.
Meanwhile the currency crunch has hit the trade in the city with cinema halls, liquor shops, restaurants and other places facing dip in their daily sales.
The sale of liquor dipped by nearly 60 per cent in Panchkula as traders stopped accepting Rs 500 and 1000 notes after Friday midnight. The sales have dip like never before, markets wear a deserted look as customers unwilling to part with currency notes of lower
For more news updates Follow and Like us on Facebook