Over a month after demonetisation was announced, Jammu and Kashmir has come out of long queues outside banks and ATMs. States such as Delhi, UP, Punjab and many others are still facing cash crunch even after the 40 days of demonetisation. Queues have vanished outside banks and ATMs. People faced cash crunch initially, but the situation has started coming to normalcy. Sources in banks claim that the Reserve Bank of India (RBI) has special concern for the state, as security agencies didn’t want to take any risk in Kashmir due…
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Kashmir unaffected by demonetisation: No queues at Banks, ATMs
As there is chaos and turmoil in other parts of country due to demonetisation of Rs 500 and 1000 currency notes, people in Kashmir have remained mostly unaffected and no long queues are being witnessed at banks or at ATMs. People in Kashmir are exchanging the old notes at bank branches with ease and without having to face any inconvenience. Besides, there are also no long queues at ATMs to withdraw money. “I had to wait for 5-10 minutes in a queue in a branch of J&K Bank at Lal…
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