The incident took place in Jasola, New Delhi when Imtiaz Alam went to the bank to withdraw money and was handed over coins that weighed around 15 kilos. According to reports, Alam pleaded to the bank stating that he needed the cash urgently.
"Manager offered me 10 rupee coins after they ran out of cash. I agreed to take coins rather than standing in long queues again," he told ANI.
Alam stood in the queue for close to five hours to withdraw money from the bank.
After Narendra Modi announced that Rs 500 and Rs 1,000 will no longer be legal tender since the midnight of Tuesday (Nov 8) people have been queuing outside banks and ATMs to withdraw cash.
While there have been reports of the entire process functioning smoothly in several places, there are also incidents when banks have run out of currency and had to turn away customers.