New Delhi: In Kerala, where most ATMs across the state were reportedly not working this morning, two men died while trying to change old high-currency notes for new ones.
In Alappuzha, 158 km from the state capital of Thiruvanthapuram, a senior citizen collapsed while waiting outside State Bank of Travancore queue. He had allegedly been waiting in line for at least 45 minutes, according to police.
Before that, in Thalassery, 300 km away from Alappuzha, a 48-year-old man identified as Unni who worked with the state's electricity department died after falling off the second floor of the building where his bank was located. He had deposited 4 lakh rupees on Thursday. The police is looking at whether his death was an accident or a suicide.
The old notes, which were being counterfeited, have been removed from circulation to check black money and corruption. The new notes have security features that make them much harder to copy.
The Reserve Bank of India today reassured that there is "plenty of cash" which has been sent to different cities and that ATMs which are not working today will soon be functional after they have been reconfigured to limit withdrawals to Rs 2,000 per card per day. That cap will double in a week and then be increased further.
In Alappuzha, 158 km from the state capital of Thiruvanthapuram, a senior citizen collapsed while waiting outside State Bank of Travancore queue. He had allegedly been waiting in line for at least 45 minutes, according to police.
Before that, in Thalassery, 300 km away from Alappuzha, a 48-year-old man identified as Unni who worked with the state's electricity department died after falling off the second floor of the building where his bank was located. He had deposited 4 lakh rupees on Thursday. The police is looking at whether his death was an accident or a suicide.
The old notes, which were being counterfeited, have been removed from circulation to check black money and corruption. The new notes have security features that make them much harder to copy.
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The Reserve Bank of India today reassured that there is "plenty of cash" which has been sent to different cities and that ATMs which are not working today will soon be functional after they have been reconfigured to limit withdrawals to Rs 2,000 per card per day. That cap will double in a week and then be increased further.
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