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As the banks reopened for the first time on Thursday since the demonetisation of Rs 500 and Rs 1000 notes on Tuesday night, many rushed to exchange old notes with loose change and to deposit the rest.
Some banks in the capital New Delhi had received the new 2,000 rupee ($30) bill and a number of ATMs were working again, two days after Prime Minister Narendra Modi announced the 500 and 1,000 rupee notes would no longer be legal tender in a blitz against tax evasion and corruption.
Modi's Tuesday evening bombshell prompted a late night rush on cash machines as customers withdrew smaller notes from ATMs before they closed at midnight in preparation for the turnaround.
"The rush was already there when I reached office. Now we are running at full capacity, and there must be 80 odd people inside the bank now," Mukul, a sales executive at Axis bank in Noida told IANS when it opened at 8 a.m. He was standing outside to distribute the withdrawal forms to the customers.
"We were told to come early and our shift has also been extended by two hours. We were anticipating such a crowd," he added.
A Kotak Bank nearby also witnessed a long queue outside, as the customers inside were being attended to.
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#WATCH In the next few months Rs 1000 notes will also be brought in with a new dimension & design: Shaktikanta Das, Economic Affairs Secy pic.twitter.com/5lcgh2QR36Most banks deployed at least two of their employees outside the gate to guide the people with forms and other instructions. However, details of the form aside, almost every customer seemed to know the limited amount for exchange, deposit, and everything else concerning the post-ban procedures.
- ANI (@ANI_news) November 10, 2016
India's shock bank note ban sparks cash chaos: https://t.co/o0ri1Tjldf pic.twitter.com/4EqFl8vR2C
- Reuters Top News (@Reuters) November 9, 2016
This decision (scrapping of Rs 500/1000 notes) will impact the spending habits of people: Finance Minister Arun Jaitley pic.twitter.com/tayhnmrp4c
- ANI (@ANI_news) November 10, 2016
For few days people might think that they are facing problems, but in long run they will definitely benefit: FM Arun Jaitley pic.twitter.com/rt6Fp82I7C
- ANI (@ANI_news) November 10, 2016
Banking Dept, RBI has taken all necessary steps to keep banks open to the extend necessary; it has been kept open on weekend too: FM Jaitley pic.twitter.com/IAX5iE72PdLong queues formed outside banks across the country, with some people complaining that banks and post offices, where old notes can also be exchanged, hadn't opened on time.
- ANI (@ANI_news) November 10, 2016
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