FlyerTalk Forums - View Single Post - CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
Old Dec 19, 2016 | 8:21 pm
  #137  
desi
All eyes on you!
20 Years on Site
 
Join Date: Oct 2003
Posts: 1,217
Originally Posted by Keyser
opposite experience at delhi's sbi branch near ashram....

monday 12th december my staff member went to withdraw inr 12k around noon....stood in line for 4 hours & was then told no money left....

tuesday 13th december she goes back again at noon & once again after a few hours of standing in line she is told no money left....

wednesday 14th december she goes at 10am & is informed that they are still dealing with withdrawals from the day before so she should come back after lunch....she goes back at 2pm & stands in line for a couple of hours....when its finally her turn they refuse to give her the money since the firm's account originates from another branch....they tell her they are only giving money to those who have an account at their branch....she argues a bit & refuses to leave without the money so finally the bank agrees to give her inr 4k & no more....since she only had a cheque for inr 12k therefore she couldn't withdraw money that day as well....

thursday 15th december she finally manages to get inr 4k from this branch after standing in line for 3 hours....

all 4 days there were dozens of people at any given point of time at the atm machines & the lines to get into the branch extended out to the street....

Wasnt Monday Dec 12 actually a public holiday and hence all banks (including SBI) closed?

Long lines on Tuesday Dec 13 due to three day long weekend was expected and widely reported in the media. In fact, the specific branch mentioned in my data point above had about 100 to 150 people on Tuesday morning

Considering possibility of overflow, specifically nixed idea of going to bank on 14th (Dont know what actual situation was)

It seems 16th was similar to my datapoint above but Monday 19th morning again had a line.

Another feedback that I am getting which might be useful to some is that
a) SBI is worst in terms of lines (compared to BoB, BoI, CBI, Dena)
b) Private Banks have least lines (HDFC. Kotak)
c) Community banks have no lines but also run out sooner or claim to have not gotten money (I may be wrong but it seems that these community banks are a magnet for golmaal)

Last edited by desi; Dec 19, 2016 at 8:34 pm
desi is offline