The Indian Banks’ Association has imposed a one-day ban
on Saturday Nov 19,2016 for over-the-counter exchange of old notes for new ones
across all bank branches.
The Association said banks
will only service the pending work of customers, which has been affected
after the government announced demonetisation of high-denomination
currency notes on November 8,2016
Senior citizens will, however, be allowed to walk into any bank branch and exchange their old notes.
Over-the-counter
exchange will resume for all customers on Monday, said IBA Chairman
Rajeev Rishi.
“Work at branches has been peaceful and we have not faced
any problems so far. We will do whatever it takes to address the
situation,” Rishi said.
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