There was no significant surge in the number of people visiting banks on Thursday, the last date to exchange old currency notes, following the demonetisation of ₹500 and ₹1,000 in Mysuru.
District Lead Bank Manager K.M. Shivalingaiah told The Hindu that there was no report from anywhere in the district of a last-minute scramble to surrender the old notes by the public.
“Banks in Mysuru region had stopped receiving high-value currency notes in bulk for exchange almost 15 days ago,” he added.
While authorities were expecting a last-minute rush to beat the deadline, it never materialised and it was business as usual in most branches, according to the Lead Bank manager.
He said following the release of the new Rs. 500 notes, there is a semblance of normalcy in market with no hassles for the change as the banks continue to meet the demand for Rs.100 denomination notes.
There are 733 ATMs in the district and each of them are replenished with Rs.10 lakh on a regular basis and hence there are no lengthy queues as well. “The cash flow from the Reserve Bank of India has been steady based on the availability and has increased compared to what the situation was a few weeks ago,” said Mr. Shivalingaiah.
But a senior official pointed out that the cash infusion at ATMs were lasting more than two days as there are restrictions on withdrawal.
“The situation cannot be deemed to be fully normal until the cash withdrawal norms are also withdrawn,” he added.
