The demonetization of Rs. 500 and Rs. 1,000 currency notes has created a situation of chaos as there are long lines of people in banks for exchanging notes. Not only this, individuals are facing difficulties due to non-availability of cash in ATMs as well.
However, we cannot hold banks and their employees responsible for this situation, as they are working hard to provide as much help as possible to the public.
Amidst all this, the largest public sector bank of India has made an announcement that will reduce the problem of low value currency notes for common people to a great extent.
Yes, that’s true! We are talking about none other than the State Bank of India! SBI’s Chairman and Managing Director, Arundhati Bhattacharya, has stated that as the situation will get back to normal and the queues outside the ATMs get shorter, the bank will fill ATMs with Rs. 50 and Rs. 20 notes too, along with the notes of Rs. 100.
After the note ban which took place on 8th November, Rs. 75,945 crores have been deposited in SBI. A senior official of the bank told that from 10th November to 13th November till 5 PM, total transactions of Rs. 165.78 lakh have taken place.
It would indeed provide some stress-free moments of relaxation, as people are definitely facing the crisis of low-value currency notes.
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