People exchange their old Rs 500 and 1000 notes at a bank in New Delhi on Thursday. (Source: PTI Photo) People exchange their old Rs 500 and 1000 notes at a bank in New Delhi on Thursday. (Source: PTI Photo)After waiting 36 hours, lakhs of anxious people made a beeline for banks and post offices on Thursday to exchange their Rs 500 and 1,000 notes demonetized by the government. Thousands queued up hours before the banks and post offices opened on Thursday across Mumbai and in other major cities like Pune, Nagpur, Aurangabad, Nashik, Kolhapur, armed with the notes and identity papers. Yet, customers resorted to panic purchases of petrol stocks, railway or air tickets to offload their existing stocks of the demonetized notes.

Source: Indian Express November 10, 2016 10:04 UTC