Digambar Mariba Kasbe, who was standing outside a branch of the State Bank of India at Tuppa, collapsed and died, they said.
His body has been taken to the Vishnupuri hospital for post-mortem, police said.
Yesterday, the situation had turned worse with bank IT networks breaking down and ATMs running out of cash, prompting government to direct the use of indelible ink mark to weed out repeat currency exchangers and syndicates so as to cut unending queues.
Several bank branches had seen their networks break down even as government looked at ways of augmenting supply of new notes, which have been introduced in place of the scrapped older Rs 500/1,000 notes.
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