Sunday sees no let up in rush; long queues outside banks, ATMs

November 13, 2016

New Delhi, Nov 13: There was no let up in the rush for exchanging demonetised notes and withdrawing money with many people spending their Sunday queueing up outside banks and ATMs since early morning hours, even as some of the outlets were shut after being short on cash.

atms

Delhiites started forming serpentine queues as early as 6 AM outside ATMs and banks to try to get cash. Security has been beefed up outside bank branches as people struggling to buy daily items lined up to get Rs 100 currency notes.

Yesterday, there were rumous of stampede, of people plundering goods from a mall in Seelampur, following which police asked citizens not to spread such rumours and warned of strict action.

"Since it's a Sunday, we are expecting more crowd outside banks and ATMs. We have made adequate security arrangements to ensure no untoward incident occurs," said a senior police official.

To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks to keep the situation under control.

"I didn't get a chance to exchange the banned Rs 500 and Rs 1,000 notes as I was working. But today is my off day and so I rushed to the bank only to find a huge crowd of people waiting for their turn to come. The crowd is swelling by the hour," said Mohit Jha, a resident of Vikaspuri.

A 71-year-old Roopak Das said he had a harrowing time yesterday running from one ATM to another to withdraw money.

"I visited a number of ATMs to withdraw money yesterday but none of them were operational. I'm old and there is nobody at my home who can withdraw money on my behalf. I'm finding this extremely difficult. Today I woke up early and reached the ATM but then were was a long queue. I just hope that I am able to withdraw money today," Das said.

Another elderly resident expressed his frustration saying he was completely out of cash and had to borrow money from his neighbour.

"Even today there is no respite. I went to the bank and stood in the queue for sometime but then my legs began to hurt and came back. Arrangements should be put in place for the elderly and disabled people," he said.

Comments

naren kotian
 - 
Sunday, 13 Nov 2016

Rikacha , it is how u interpret ... he said each indians will get 15 lakhs if entire black money is un earthed .. he never said he will transfer ... got it ... have some common sense while commenting ... true muslim will never beg for money .. u go and buy any apartment or site after december 31st then u will understand what u will earn .. FYI real estate already fell by 25% . common man is happy ... sumne matadbeku antha matadbardu mari ... 15 lakhs yaavtaraha benefits antha explain maadthini india kke bandaaga sigu ... pork and yenne hoditha discuss madana ... oka na ?

Rikaz
 - 
Sunday, 13 Nov 2016

I did not say will give 15 Lakh but your Modi said it....if he cant fulfill his promise....should ask forgiveness from us.......still licking aas of those richests of richests.....

Naren kotian
 - 
Sunday, 13 Nov 2016

hahaha ... itch guard kodipa ... thumba kirchadtavne :) rikacha ... kelasa madade 15 lakhs kelo chaprasi nan maklanne nodode kushi ... 2019 also Mr Modi will be again PM of India ... hahaha ... in earlier surgical strike porkis were targetted and this surgical strike black money supporters and mini pakistanis were hit hard ... so we can understand their frustration ...

Rikaz
 - 
Sunday, 13 Nov 2016

Modi gave people trouble and it is not worth at all....if it was for 15 Lakhs, waiting could have been worth.....where is the election promise....he won to give trouble....he will suffer for it....eliminating black money is fine but the way he did it is bullshit...

Althaf
 - 
Sunday, 13 Nov 2016

This is the result of voting Besharam Janatha PARTY.

Zubair Riyadh
 - 
Sunday, 13 Nov 2016

The Pics speaks alot.. frustrated woman sitting. What is the stigma of her.. But PM MODI enjoying his tour in JAPAN... Time will teach him...

Sure, people's curse on him..

Althaf
 - 
Sunday, 13 Nov 2016

All Because of selecting a chaiwala. Bhatks come on still you support this chaiwala Fenku?? National wants to know. People are suffering day by day.

Skazi
 - 
Sunday, 13 Nov 2016

Every one CURSING ......There is a saying that the curses of the innocents will not go WASTE.....
the scheme was good, but it is manhandled, by not printing the new notes in advance.....Has any one seen this xxxxx , feku, daku, jaitley, advani, bachans, adanis, ambanis in lines to get new notes .....They must have received home delivery ....I think they are living on air ....

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 26,2020

Kasaragod, Jul 26: First funeral, now wedding. Forty-three persons who attended a wedding at Pilankatta in Chengala panchayat in Kasaragod on July 17 have tested positive for Covid-19, said district medical officer (DMO) A V Ramdas.

They include the bride and the groom. Collector D Sajith Babu has asked all those who attended the wedding to go into home quarantine for 14 days. Those with Covid symptoms should get in touch with the nearest primary health centre, he said.

The DMO said samples of 128 persons linked to the wedding were tested, of which 43 turned out positive. Earlier, 44 persons who attended a funeral in Cherkala in the first week of July had tested positive. The funeral was declared a cluster and the government had to test 522 persons linked to the funeral.

The collector said those taking part in funeral or weddings without following the Covid protocol would be booked under the Kerala Epidemic Diseases Act. If convicted, they would face up to two years of rigorous imprisonment and a fine of `10,000. Kasaragod police said they will register a case in connection with the wedding. 

Pilankatta ward member Abdulla Kunhi K B said it was not a big fat wedding. The ceremony held at the bride’s house at Pilankatta was attended by less than 100 people, he said.“Theirs is a big family with four houses in one compound. 

As many as 30 members are staying in these houses,” said Kunhi. Nine of the 30 have tested positive.Of the 15 guests, who came from the bride’s mother’s house, 12 contracted the infection. “The rest of the infected persons were among the groom’s guests,” said Kunhi, who did not attend the wedding. The groom and the bride’s father returned from Dubai three months ago.

1,049: state records biggest recovery
A total of 1,049 Covid patients recovered on Saturday. This is the first time that the number of recoveries crossed the 1,000-mark in the state. The previous highest was 968 reported on Friday. So far, as many as 8,613 patients have recovered.

roping in ayush experts a challenge  
Plan to bring AYUSH practitioners for treating positive patients at CFLTCs is going to be a challenge for the government. It turned out that respective associations were planning to approach the government with an individual charter of demands. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 24,2020

Bhatkal, Mar 24: Two people, who arrived from Dubai at Mangaluru International Airport on March 21, were tested positive for coronavirus.

A 40-year-old man has been tested positive for the dreaded killer disease Covid-19 while 65-year-old man, who arrived on same day from Dubai, has also been tested positive for the virus. The person reportedly took train from Mangaluru to Bhatkal after arriving at Mangaluru International Airport.

Both of them hailed from Bhatkal and are currently hospitalised and their direct contacts are being traced by the authorities.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 6,2020

Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma.

"While cashless economy is not possible in India, less cash economy will be in the future. Less cash is the only solution, not the elimination of cash," Sharma told IANS in an interview after unveiling an all-in-one payment gateway on Tuesday.

Asserting that it would take 5-10 years for India to make the transition to digital payments from the traditional mode of cash, Sharma, 41, said the e-payment industry benefitted more from the November 8, 2016 note ban and withdrawal of old Rs 1,000 and Rs 500 denominations.

"I think it (demonetisation) helped the industry despite lack of specific help. But the world has changed since then. It is about the scale of distribution of merchants that is what is propelling digital payments," said Sharma.

Most of the cash not only came back into circulation, but also remains as the mode of payment for the majority due to its convenience for the people used to such transactions.

Expounding Paytm's zero service charge, Sharma said the strategy is sustainable as it leads to acquiring more customers and merchants, enabling newer business opportunities.

Paytm also does not levy a service charge to small merchants for its payments services, unlike organised players like Uber.

"Though there is a monetisation model, the merchants who are small shopkeepers, become our financial services customers as they open a bank account, which is profitable."

Paytm secured a Payments Bank license from the Reserve Bank of India to offer a savings bank account, Rupay debit card and money transfer services.

"We are banking on payment services acquiring customers and merchants who avail banking, lending, insurance, wealth and software services like billing software and business ledger software services eventually," Sharma noted.

The mobile first bank services include zero balance and zero digital transaction charge accounts.

"Basically, payments, cloud, commerce and financial services are a cohort we follow. So, payments is our customer as well as merchant acquisition. If it breaks even, we are happy because other line items make more money, he affirmed.

Noting that in a market like India, one cannot price services at a premium unlike in a developed country like the US, the billionaire businessman said a consumer in a developing country would not be able to afford such a hefty charge.

Forbes ranked Sharma as India's youngest billionaire in 2017, with a net worth of $2.1 billion.

While several countries operate on the model of higher service charges, Sharma said newer business models have to be discovered in India, as customer lifecycle value is accounted for more stages than in other nations.

Asked about an upscale retailer like Zara not giving a wallet payment option during its recent end of season sale in Bengaluru, Sharma said Paytm was addressing such hiccups with its all-in-one payment solutions.

"It's an opportunity, because if the retailer has our all-in-one point of sale machine, where in they enter the amount, it shows both the Quick Response code (QR) and card payment options," he observed.

Sharma compared older swiping payment machine to feature phones and modern ones to feature-rich smartphones.

"If you notice, they look like feature phones and the modern day card machine is more a smartphone like. You can add the smatphone components, which can add the features," reiterated Sharma.

Though Paytm's all-in-one QR point of sale machine integrates the billing system, its chief executive said it was not ideal to have an independent QR feature.

Paytm has 16 million strong merchant user base, which Sharma aims to raise to 26 million base in the next one year.

Sharma has launched in this tech city an all-in-one payment gateway and Paytm Business Payments solution, which enable digital payments through multiple methods for small and medium enterprises (SMEs) and an Android point of sale machine.

With the new gateway solution, collecting digital payments through multiple methods can be achieved seamlessly while Paytm Business Payments solution enables automated vendor payments, including employee salaries and customer refunds among others.

The One97 Communications-owned Paytm aims to help SMEs streamline and digitise their business activities using its new solutions, which enhance the overall efficiency of both accepting and making payments.

Paytm has a data bank of over 200 million saved cards and bank accounts, a feature which enables partner apps to shorten transaction times and propel faster conversions while using the all-in-one payment gateway.

Complementing the two solutions, Sharma also launched an all-in-one Android point of sale machine, which can accept payments through all forms such as cards, wallets, UPI apps and even cash.

The device has a QR code that supports all contact and contactless payments, coming with integrated billing software customized solutions for different sectors such as catering, ticketing, parking and others.

The handheld Android device is equipped with an in-built printer, scanner and can also generate bills.

Valued at $16 billion, Paytm is not alone in the fiercely competitive Indian fintech space where a dozen players like PhonePe, MobiKwik, Kotak 811 and deep pocketed international giants Google Pay and Amazon Pay are in the fray.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.