ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Samco Acers
  • Samco Mission Ace The Index
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Banks to serve only their customers for exchange of notes tomorrow

However, senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Banks to serve only their customers for exchange of notes tomorrow
People scuffle with a policeman as they try to enter a bank to exchange their old high denomination banknotes in Ahmedabad, India, November 17, 2016. Photo: Reuters/Amit Dave

Indian Banks' Association Friday said 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. So, we have seen lot of pending work at branches especially for our existing customers. We, from IBA, have taken a view that tomorrow, that is, on Saturday we shall be exclusively doing work for our own customers. And tomorrow we will not be doing exchange of notes (for outside customers)," IBA chairman Rajeev Rishi told reporters here on Friday.

He, however, said senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow.

The IBA decision is only for Saturday and from Monday onwards all customers will be allowed to exchange notes at a branch of any bank.

Rishi said after the banks started using indelible ink to mark fingers of customers who have exchanged notes, the queues decreased.

"For the last one week, we have been seeing huge rush but for the last two-three days after we introduced the inking of finger we have seen a visible reduction in the rush at branches. The queues have shortened," Rishi said.

The government announced scrapping of Rs 500 and Rs 1,000 notes on November 8. Banks were opened for transactions from November 10 but were closed on November 14 on account of Gurunanak Jayanti in major parts of the country.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian Banks AssociationDemonetisationRs 500 notesRs 1000 notesexchange notessenior citizensBanksEconomy
Written By: PTI
Updated: Fri, Nov 18, 2016
09:25 pm
Mumbai, PTI
RELATED NEWS
UCO Bank MD A K Goel elected new chairman of IBA UCO Bank MD A K Goel elected new chairman of IBA
Bank Employees Wage Revision: 10% salary hike proposed; Staff still not happy - Here's why Bank Employees Wage Revision: 10% salary hike proposed; Staff still not happy - Here's why
Bank strike threat: IBA offers 6% wage hike to employees; unions reject proposal Bank strike threat: IBA offers 6% wage hike to employees; unions reject proposal
IBA, bank unions meet tomorrow to discuss wage hike IBA, bank unions meet tomorrow to discuss wage hike
Govt asks PSBs to finalise next wage revision before November 1 Govt asks PSBs to finalise next wage revision before November 1

LATEST NEWS

RBI keeps repo rate unchanged at 6.5%; FY24 GDP growth estimate maintained at 6.5%

Explained: Why gold financiers often offer more top-up on existing loan

Banks to issue Rupay prepaid forex cards: RBI

Repo rate unchanged as inflation fight not over: What experts make of RBI's status quo

From global cues to RBI policy expectations: 10 things to know before opening bell today

Indian shares rise after RBI keeps rates unchanged

What is Ozempic? – Check benefits and side effects of weight loss "wonder" drug popular among celebrities

FIRST TRADE: Sensex, Nifty flat with positive bias ahead of RBI policy decision; OMCs slip

Rate-sensitive stocks, oil-linked stocks, Mazagon Dock, Gati, and HeroMoto Corp, among top scrips to track today

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das' speech

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV