The government has asked commercial banks to apply an indelible ink mark on the fingers of people coming to exchange their demonetized currency notes, in order to restrict the same set of people queuing up to exchange money multiple times.
Long queues at banks and automated teller machines (ATMs) continued to build up as people lined up to withdraw cash a week after the government announced cancellation of the existing Rs500 and Rs1000 notes as legal tender.
Economic affairs secretary Shaktikanta Das said unscrupulous elements are using some people to turn their black money into white money.
As a result, the currency exchange facility is getting restricted to a few people only while the needy are not able to use it.
They will not be applicable for cash deposits and withdrawals from bank accounts.
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