Security has also been beefed up in banks and ATMs in view of the expected rush even as people fumed over the idea of waiting in long queues on a working day.
As many 3,400 personnel of paramilitary and Delhi Police along with quick reaction teams have been deployed across the national capital for maintaining security in banks.
"Despite having money with us, we are struggling for basic necessities as grocery stores, DTC buses and other local shops are not accepting these notes. Now I have to skip going to office today to exchange notes as there is such a long queue that my turn will not come before another 3-4 hours," said Kumkum Bhargav, a primary school teacher.
Following Prime Minister Narendra Modi's announcement to withdraw the high denomination notes, the banks were ordered to remain closed yesterday to realign and reload new Rs 500 and Rs 2,000 currency.
People reached banks much before the opening time and formed long queues as bank staff helped people exchange Rs 500 and Rs 1,000 notes that have been declared invalid.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
