Indian Banks' Association said all banks will serve only their respective customers on Saturday and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks. However, senior citizens are exempted and they can go to any bank branch to exchange notes on Saturday. And tomorrow we will not be doing exchange of notes (for outside customers)," IBA chairman Rajeev Rishi said. According to sources, the government had allowed exchange facility in the beginning to ensure liquidity remains in the market. As and when the remaining is achieved, the exchange facility could be phased out," an official said.

Source: India Today November 18, 2016 15:21 UTC