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16
November 2016
A major bank union on Wednesday said it
does not support unscrupulous bankers who do not follow the prescribed
procedures and who assist currency hoarders to convert their invalid 500 and
1,000 rupee notes. The Total Investment
& Insurance Solutions
"I am ashamed to hear about bankers
who do not follow prescribed procedures while exchanging the invalid currency notes
for valid ones. But the system is such that I cannot say all are angels,"
All India Bank Employees' Association General Secretary C.H.Venkatachalam told
IANS.
"The union does not support such
acts or those indulging in such acts," he added.
Complaints have been voiced by customers
of some banks that somebody else has exchanged the demonetised currency notes,
using their accounts with the assistance of bank employees.
The Reserve Bank of India in its
instructions has clearly said that a person who does not have a bank account
can exchange the 500/1,000 rupee notes using a bank account of his
relative/friend having an account only on written permission. The Total Investment & Insurance
Solutions
Queried about the supplies of indelible
ink to curb multiple note exchange transactions by a single person,
Venkatachalam said the bottles are yet to arrive at the branch level.
Meanwhile an employee of a nationalised
bank in the Coimbatore/Tiruppur belt told IANS that the situation seems to be
improving as customers are now depositing some Rs 100 notes and the length of
queue for cash has gone down.The Total Investment
& Insurance Solutions
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