Pics: Joshwa D’Souza/Ramesh Pandith
Daijiworld Media Network-Mangaluru (JD/RJP)

Updated

Mangaluru, Nov 10: With banks opening for public after a day of closure following the announcement by Prime Minister Narendra Modi about scrapping of Rs 500 and Rs 1,000 notes and introduction of new Rs 500 and Rs 2,000 notes, people thronged banks in large numbers to exchange or deposit their existing notes.

Though the day started on a slow note with a light crowd, the banks witnessed heavy rush as the morning progressed. State Bank of India (SBI) was particularly crowded with people lining up even outside the branch. Other banks saw big crowds filling up inside their branch offices and some queuing up outside.

People were also anxious to see new notes of Rs 500 and Rs 2000 on Thursday. But only the people who went early got the new notes as they was a shortage of supply.

However, some of the banks that thin crowds. It is also possible that anticipating the rush, people must have decided to visit the banks later. 

It is said that a truck had arrived from Chennai on Wednesday with new notes and they were distributed to all banks. It is not clear whether more money has come to city or will come later. No one in the banks knows these things.

In ATMs, the new notes are expected to be dispensed from Friday November 11. The maximum amount one can withdraw has been restricted to Rs 2,000 a day initially. From banks, the an amount of Rs 10,000 can be withdrawn in a day, not exceeding Rs 20,000 a week.

Heavy security has been arranged in and around the banks. More police are seen on the roads also but with a different purpose of maintaining peace during Tipu Jayanti celebrations.