While the whole nation is making a fuss about the demonetisation process, the given dead line for the currency exchange by the government is coming near. Only eight more days are left until Indian civilians can legally exchange their old notes with the new ones from banks and post offices.
There were riots and protests in the whole country and even a one day bandh was declared against the demonetisation in the past. While the dead line for exchanging money is approaching, people are getting tensed and have been flocking to banks.
Even after a month later of the currency exchange, the numbers of people standing in queues outside the banks and ATM’s have not reduced and a huge number of people standing outside the banks is a common view across the country.
While a lot of did not support the bandh last month, more protests can arise after the deadline given by the government. While the negative hype about the currency change is still strong, the market has gone cashless. A lot of shopkeepers complaining about the lack of change for their customers and hence the common man faces problems in everyday life. The unavailability of liquid cash in the market is a big issue and people are left with no option but to digitalise themselves.
While the processes of demonetisation have digitalised almost half of the nation, a lot of people still struggle for the service of online transactions. The illiteracy in the nation has been a big hurdle for the proper digitalisation and the shortage of money had added more problems. Only a few days are left before the civilians could approach banks fir their money exchange.
We ask people to exchange their money as soon as possible to avoid any wastage of cash. It is impossible to predict what rule does the government implies for the money change in coming days. It is best to convert money into new currency and stay on the safe side.
Let us hope that there is no loss of money for the hard working masses and that the government manages to provide new currency to people.