Minutes after Prime Minister Narendra Modi announced the decision to ban Rs 500 and Rs 1,000 currency notes from midnight, people rushed to their nearest ATMs to withdraw Rs 100 notes to meet their daily expenses. With most ATMs programmed to dish out higher denomination notes of Rs 500 and above, people were resorting to withdrawal of smaller amounts of up to Rs 400 to avoid getting a Rs 500 banknote. "As soon as I learnt about the decision, I rushed to the ATM to withdraw some money as I was having only Rs 500 notes. But there was a big queue and I managed to withdraw Rs 2,000 in five instalments," a TCS employee said. "There are big queues at ATMs and people are fighting for their turn to withdraw the money," he said.

Source: dna November 08, 2016 18:39 UTC