Panchkula: While people have been able to get their hands on the new Rs 2,000 note, the coveted new dollar-lookalike Rs 500 notes is still to reach the hands of most of the people. Following the cash crunch and situation prevailing in the district as ATMs are running dry; residents of Panchkula are having a harrowing time tackling the crunch.
The dearth of Rs 100 notes and short supply of the new currency notes has made it tough for people to manage day to day payments where digital options are useful at limited places only.
The trouble with the Rs 2,000 notes is that citizens are not easily able to find shopkeepers, vegetable sellers and other vendors willing to part with precious change of smaller denominations as balance for payments made with the high-value notes. Some residents are giving Rs 2,000 note and are asking the vendors and shopkeepers to consider the remainder as advance payment for future purchases.
“We have not yet received the new Rs 500 notes from the Reserve Bank of India. We are also waiting for information about its supply,” told an official at the SBOP, Sector 4 branch.
Though some of the banks have started distributing wads of new Rs. 2,000 notes from November 10 onwards, the absence of the new Rs.500 notes has caused untold hardship to many.
However majority of ATMs across the city are yet to be re-calibrated to disperse the new Rs 500 notes along with Rs 100 currency note as well; whereas many of them are running out of cash within hours of refilling and few which are working are only dispensing 2,000 note; customers and banks have been struggling to manage the alarming situation.
Also many banks have imposed self-declared withdrawal limits, allowing only a particular amount to be withdrawn by each person. The amount varies from bank to bank between Rs 5,000 and Rs 10,000; even after the government has set Rs 24,000 as limit.
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