Remonetization- Post offices yet to begin exchange

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Lines outside banks only grew in number on Friday as ATMs put up a no show and many post offices refused to exchange old notes for new ones. Scenes of citizenry returning dissapointed was common in most post offices across the country.

[Also read: ATMs open- First day no show]

Post offices that were supposed to begin exchange of notes from Thursday continued to entertain customers who hold accounts with them but turned away public who needed to exchange old notes with new currency. Arguments broke out between post office staff and common citizens at the Bengaluru GPO with citizens alleging that exchange counter which was slated to open by 10 AM remained shut well beyond 11 AM. Many people including tourists had a tough time.


"I did wait at the post office this morning but they asked me to come back post lunch for exchange of notes. I have come to the bank now hoping exchange happens faster here", said Durai a customer who preferred to exchange old notes at post office since the cap has been pegged at Rs 4000 per person.

post office

No show by ATMs on Friday has only added to the common man's inconvenience. While many post offices started currency exchange process on Thursday, many others continue to entertain only account holders to deposit, withdraw or exchange currencies.

OneIndia News

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