Odisha Sun Times Bureau
Bhubaneswar, Nov 8:
Moments after Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 currency notes cease to be a legal tender from midnight, people across Odisha and other parts of the country were seen queued up in front of ATMs to withdraw money.
Panic struck the depositors after the drastic step was announced to curtail black money and curb counterfeit currency rackets operating mostly from across the border.
Among the announcements, the cash points would be shut for two consecutive days from tomorrow at some parts of the country. Besides, cash withdrawal limits have been restricted to Rs 2000 per day till Friday.
“We do not keep surplus cash at home. As the banks and ATMs will be closed and higher denominations have been denotified, we need to have currency of other denominations to transact for daily needs till the restrictions are eased,” a Bhubaneswar-based resident Satyajit Patnaik expressed.
Men and women alike were seen lined up in front of the money vending outlets to withdraw cash.
Reports also said that people were seen making beeline to ATM counters having cash deposit facility.