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Patience wears thin on pay day
Workers earning below Rs 10,000 are unable to get change for Rs 2,000 note which they get from ATMs after a long wait in queue
` 2,000 note adds to their woes
- Workers earning below Rs 10,000 are unable to get change for Rs 2,000 note which they get from ATMs after a long wait in queue
- As petty traders, who sell rice, vegetables and milk, are declining to take debit or credit cards, lower and middle class people are in despair
Vijayawada: Three weeks after demonetisation, poor families began to feel the heat of big denomination currency. Their biggest challenge is to exchange Rs 2,000 note which they draw after a long wait at any ATM. People, who earn less than Rs 10,000, realised the difficulty of spending their hard-earned money as there is an acute shortage for small denomination notes.
Shortage of low denomination notes is the biggest challenge faced by the poor as they don’t have plastic cards to swipe on purchase of groceries in the first week. Only big malls and super bazars have swipe machines to help pay the bills. The poor, on the other hand, have no such advantage, as small businessmen and petty traders who sell rice, milk, vegetables etc are declining it.
Lack of low denomination notes has become a major problem in small colonies where people with daily wages and small salaries reside. Their population is much higher than those who use plastic cards at malls and medium business counters. As there was no means to get small denomination notes to carry out routine affairs, the poor were literally cursing themselves by attributing everything to their fate.
Along with workers, pensioners are another set of people who are suffering a lot. When they attempt to draw money at ATMs, they are not getting Rs 500 or Rs 100, but have to content with Rs 2,000 note. Moreover, they have been reprimanded by others waiting in queues to finish their transaction at the earliest to give room for others.
It has been an insulting experience for many pensioners, who failed to get correct sum of pension, but only hurting comments from others in the long queues at ATMs. Summing it up, an employee Pradeep, was unable to give a gift to a girl-next-door on her birthday. “I had just Rs 2,000note so I couldn’t buy her gift for Rs 500 since there is no small change with shop keepers” he concludes.
Noor Shaik
