Cash Exchange: Only senior citizens can exchange currency notes tomorrow - News Summed Up

Cash Exchange: Only senior citizens can exchange currency notes tomorrow


NEW DELHI: Indian Banks' Association on Friday said that all banks will serve only their respective customers tomorrow and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks. "All these days our own customers have suffered because we have not been able to do their work. We, from IBA, have taken a view that tomorrow, that is, on Saturday, we shall be exclusively doing work for our own customers. Last week, banks across the country were open on both Saturday and Sunday to help the sudden currency crisis in the economy.On Thursday, the government halved the limit of exchange of defunct notes to Rs 2,000. With effect from today, individuals can exchange invalid 500 and 1,000 rupee notes totalling Rs 2,000, as against Rs 4,500 earlier, till December 30.


Source: Times of India November 18, 2016 15:00 UTC



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