Since most of our transactions are done either online or through plastic money, I've not felt the need to charge to the banks and stand in queues to collect valid currency, thus far. The demonetised notes have time till 31 Dec for their disposal and hence, there was nothing to worry. However, the milkman, the vegetable vendor, the fruit vendor, the fish vendor, the dhobi etc need to be given remuneration for their services in hard cash of smaller denominations. Though each of them has said that he'd collect his dues later, we feel that they're being nice to us because they, too, are hard pressed for money to eke out their living.
We've been able to manage our resources fairly well till now. In fact, this evening, I'd bought certain items from the grocer's and the bakery in exchange of a portion of our coin collection. The shopkeepers refused to count them despite my insistence to do so, fearing mistakes in my counting of the coins! Such sort of belief puts enormous responsibility on us to be absolutely sure of zero error in counting, on our part.
Our chemist had sent us a bottle of medicine @ Rs.280/- saying that he'd collect the money from us on Monday. Damn sweet of him! One of the salesmen, Mujib, had come all the way to deliver it at home, too. Meanwhile, I'd called up the bank manager to inquire as to whether the queues had startled to dwindle and he's offered me the solution. I'll have to meet him tomorrow morning @ 9 for collecting my share of usable currency notes while depositing the demonetised ones - a total of thirty one Rs.500/-notes, amounting to Rs.15,500/-! That should give Lekha the freedom to run her monthly chores without having to scrounge and I hardly need money on a daily basis!!
Tailpiece.
Am surprised by the falsehoods and innuendos being spread on the social media about the general public being restless on requiring to stand in long queues and the ATM chain having gone kaput because of the lack of modifications to accommodate the new Rs.2,000/- notes in the existing trays where money is stored. Why do I get the impression that there are many quarters from where there's a mischievous anticipation of chaos and the breakdown of the common man's patience over the long waits at the ATMs/banks? The television grabs showed the people at these queues as sportingly patient! If this exercise were to fail it will be the hordes of black marketeers, fraudsters, politicos, greedy businessmen and people of that ilk who'd win and we must not let that happen
Meanwhile the government and the banks had better get their act together to reduce the public's agony!!
We've been able to manage our resources fairly well till now. In fact, this evening, I'd bought certain items from the grocer's and the bakery in exchange of a portion of our coin collection. The shopkeepers refused to count them despite my insistence to do so, fearing mistakes in my counting of the coins! Such sort of belief puts enormous responsibility on us to be absolutely sure of zero error in counting, on our part.
Our chemist had sent us a bottle of medicine @ Rs.280/- saying that he'd collect the money from us on Monday. Damn sweet of him! One of the salesmen, Mujib, had come all the way to deliver it at home, too. Meanwhile, I'd called up the bank manager to inquire as to whether the queues had startled to dwindle and he's offered me the solution. I'll have to meet him tomorrow morning @ 9 for collecting my share of usable currency notes while depositing the demonetised ones - a total of thirty one Rs.500/-notes, amounting to Rs.15,500/-! That should give Lekha the freedom to run her monthly chores without having to scrounge and I hardly need money on a daily basis!!
Tailpiece.
Am surprised by the falsehoods and innuendos being spread on the social media about the general public being restless on requiring to stand in long queues and the ATM chain having gone kaput because of the lack of modifications to accommodate the new Rs.2,000/- notes in the existing trays where money is stored. Why do I get the impression that there are many quarters from where there's a mischievous anticipation of chaos and the breakdown of the common man's patience over the long waits at the ATMs/banks? The television grabs showed the people at these queues as sportingly patient! If this exercise were to fail it will be the hordes of black marketeers, fraudsters, politicos, greedy businessmen and people of that ilk who'd win and we must not let that happen
Meanwhile the government and the banks had better get their act together to reduce the public's agony!!
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