After the demonetization move, for the first time banking transactions have been come to standstill for continue two days-today and tomorrow. After the resume of banking transactions on Nov 11, till now only two days banks were closed. At a time the banks fails to meet currency requirements of the general public, the closure of banks in two Telugu states and also almost all ATMs making public panic.
Many people who were visiting banks and ATMs seen with disappointment. Customers are worried that they even could not able to withdraw cash from their accounts, leave alone exchange of old notes. In many banks only banks honouring cheques for about one hour in the morning and later returning cheques stating no cash. ATMs are also under closure for most of the time.
As more and more banks are expressing helplessness stating lack of currency reserves, customers are now seen restless and losing their patience. For the last two weeks they who were seen standing in queues for hours very polite and patient. But now seems to be losing their patience as more and more banks are seen with empty currency reserves.
Feeling embarrassment to face customers, most of the banks are seen closing main doors by afternoon. Allowing deposits from backdoor. Some customers were seen unable to draw cash even after two to three days visits to their bank branches. In restless situation yesterday some banks witnessed agitating customers. Bank officers are worried that if they failed to provide new currency by Monday, they may witness angry mobs resorting to some direction action at their branches.