New Delhi: Masses thronging banks and ATMs across the country after the announcement of demonetisation of Rs 500 and Rs 1000 notes are all desperate for any kind of money from the bank. So when this Delhi man was told that he would be receiving his Rs 20,000 withdrawal in coins, he did little to protest.

Imtiaz Alam is a public relations professional who, after waiting for four hours outside the Jamia Cooperative bank in Jasola, was told that he would be receiving his Rs 20,000 withdrawal in Rs 10 coins. The money, according to the Indian Express, weighs an astounding 15 kilograms.

“The ATM at the bank has not functioned even once since demonetisation came into effect. The bank too is perpetually low on cash,” Alam was quoted as saying.

 

 

“I went to the manager and requested him to do something. He said they were receiving very little cash from RBI. I was persistent and then he asked if I am okay with Rs 20000 in Rs 10 coins and no notes. I agreed. In 15 minutes, they gave me the coins. I kept them in a bag, put it on my shoulder and walked out,” Alam said.

Prime Minister Narendra Modi announced on 8th November that Rs 500 and Rs 1000 will cease to be legal tender. In place of the old notes, new notes of Rs 2000 and Rs 500 have been introduced.

 

First Published | 19 November 2016 10:35 AM
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