Demonetisation: Banks to Exchange Notes only for Own Customers and Senior Citizens newsreporter.in

Demonetisation Banks to Exchange Notes only for Own Customers and Senior Citizens

New Delhi: Indian Banks Association has decided on Friday that Banks across the country will only exchange old 500 and 1,000 rupee notes for their own customers . Currency exchange will not be allowed today for customers of other banks. However, Senior citizens are exempt from this rule, they can exchange their 500 and 1000 rupees notes at any banks.

"All these days our own customers have suffered because we have not been able to do their work. So, we have seen lot of pending work at branches especially for our existing customers. We, from IBA, have taken a view that on Saturday we shall be exclusively doing work for our own customers. And on Saturday we will not be doing exchange of notes (for outside customers)," said Rajiv Rishi, the head of the Indian Banking Association.

2016-11-19 11:07:48 by Matthew Aiden

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