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01 Oct 2020, Edition - 1906, Thursday

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Coimbatore

Banks to remain closed on Sunday

Covai Post Network

Chennai: Bank officials in Tamil Nadu will finally have time to relax tomorrow, after working without a break on the weekend since the demonetisation exchange began on November 9. Some banks have sent SMSes to their customers stating that tomorrow will be a holiday.

The turn-out in banks today was not hectic as only senior citizens were allowed to exchange old notes and normal bank operations took place without an hindrance, though many of them were running low on Rs 100 notes. The indelible ink has not arrived in banks, but since exchange was allowed only for senior citizens, there was not much of a problem, bank officials said.

Big queues were still seen outside only a few ATMs; most of them were free. Some ATMs had their shutters down.

It is not clear as of now, when and which petrol pumps will dispense cash using the PoS machines.

Based on the request made by tourism administrators, the RBI has arranged special counters of ICICI Bank for foreign tourists to exchange their currency. If a tourist has a problem, s/he can register the complaint at toll-free number: 1800 4253 1111 (between 10 am – 6 pm).

The Central government has also said strict action will be taken against tax evaders using other people’s bank accounts to convert their black money into new denomination notes.

A PIB release said, “Person(s) who allows his or her bank account to be misused for this purpose can be prosecuted for abetment under Income Tax Act. Government appeals to people not to come in the lure of black money converters and be a partner in this crime of converting black money into white through this method and help join the government in eradicating it.”

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