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Has Demonetisation Forced Friendly Private Banks to Turn Hostile?

2019-08-19 6 Dailymotion

After the RBI’s 59th ruling on demonetisation that allowed a one-time deposit of old notes till 30 December – with depositors being grilled by bank authorities if they have over Rs 5,000 – I decided to deposit Rs 20,000 old notes in my account. Like several people, I was holding out until the last moment to avoid the long queues.<br />Seventy-two hours after the notification, the government rolled back the ruling within due to public outrage, saying that depositors will no longer be grilled. But I was one of the unfortunate depositors who went to deposit money before the decision was reversed.<br />Visiting a bank had always been an uneventful, boring affair – but this time it was distressing. The moment I told a bank employee that I had money to deposit, he stared at me as if I were a criminal. But the worst was yet to come.<br />Video: The Quint<br />Music: Big Bang Fuzz

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