This Man Managed To Get ₹20,000 From A Delhi Bank But In ₹10 Coins All Thanks To Cash-Crunch

Admin 19-Nov-2016 14:16:48 Inothernews

This Man Managed To Get ₹20,000 From A Delhi Bank But In ₹10 Coins All Thanks To Cash-Crunch


The current cash-crunch has hit India hard. The demand for the new currency notes has far exceeded the supply. As a result, long queues outside banks and ATMs have become a common sighting.



Although bank employees around the country have been working hard and putting in long hours to help the people, when the bank is out of cash, even they can't do anything. A couple of days ago, a 60-year-old old lady in Uttar Pradesh was handed a bag full of ₹1 coins in exchange of ₹2000 in old currency. In another such instance, a man from Delhi was handed bags full of ₹10 coins when he went to exchange ₹20,000 at the Jamia Cooperative bank in Jasola.

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Imtiaz Alam, a public relations professional, was given the coins because the bank was running low on cash. The money he got, weighed 15 kgs.

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