Many people thronged various banks and post offices for exchanging the demonetised banknotes of Rs 500 and Rs 1,000 denomination, at various parts of the district on Thursday. In Eluru, people queued up at Main Post Office, State Bank of India main branch and SBI Bazaar Branch. Other banks like SBH, Canara Bank, IOB, Karur Vysya Bank, Central Bank of India, Bank of India etc too witnessed heavy crowds. Most of the Banks gave away Rs10 and Rs20 denomination notes to the customers in exchange.
Prime Minister Narendra Modi’s and Government of India’s move to curtail the black money is probably the boldest move in the history of independent India,” said Ravindra Modi, President, Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI).Pointing out that surprise element to ban with immediate effect would bring out the desired […]