Victims of ‘surgical strike on black money’? Two people died in Kerala while trying to get their money exchanged 

November 11, 2016, 2:13 pm
Victims of ‘surgical strike on black money’? Two people died in Kerala while trying to get their money exchanged 
INDIA
INDIA
Victims of ‘surgical strike on black money’? Two people died in Kerala while trying to get their money exchanged 

Victims of ‘surgical strike on black money’? Two people died in Kerala while trying to get their money exchanged 

At a time the BJP national President Amit Shah was congratulating people for their support to the ‘nation building efforts’ of the Modi government, the chaos created by the ‘surgical strike against the black money’ is creating more and more panic among the common man. With majority of the ATM in the country going cashless hours after they were filled, people are feeling the heat of the government’s decision to demonetise the Rs 500 and Rs 1000 notes.

In Kerala two people were dead - one committing suicide after the bank authorities refusing to exchange his money purportedly because he did not have enough documents and another person died after standing in the queue for hours for exchanging money.

48-year-old man in kannur district of Kerala commits suicide jumping from a three-storey building of bank after the bank officials refused to receive his money. Sources said the man who was later identified as Unnikrishnan jumped from the third floor of the bank after bank officials asked him about the sources of the money he brought. Police sources said he was possessing an amount of Rs 5 lakhs.

In an another incident a man in Harippad of Alappuzha district died after standing in long queue for hours. Police said

Banks across the country on Friday witnessed a mood of frenzy as thousands flooded for exchanging scrapped high denomination currencies.

There are about 149 scheduled commercial banks, including 56 regional rural banks, with a branch network of about 1.30 lakh across the country. Besides, the co-operative banks have also been asked to take deposit and exchange the old notes with new ones.

ATMs were to start releasing new notes from Thursday midnight. In many places people stood in front of the ATM from early morning expecting to withdraw money for their day to day needs. But many ATMs were either not filled or there were not enough currency to cater to the demand of the growing queues. This created ruckus at many places.

Despite special arrangements made to issue pay-in slips, withdrawal slips, note exchanging request slips and to verify documents, bank staffs are struggling to deal with hundreds of people lining up .