No road toll, banks open on the week­end

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dents let­ters@hin­dus­tan­times.com

The govern­ment on Wed­nes­day sus­pended road toll across the coun­try for two days and asked banks to work this week­end as mil­lions of peo­ple grap­pled to ad­just to a life with­out the Rs500 and Rs1,000 ban­knote.

The Re­serve Bank of In­dia said ATMs will start dis­pens­ing Rs50 and Rs100 notes from Thurs­day. Banks have also been asked not to charge any fee for ATM trans­ac­tions till De­cem­ber 30.

“There will be lo­gis­tic is­sues in re­turn­ing change for Rs500 and Rs1,000 notes. There­fore, we have de­cided to sus­pend toll col­lec­tion,” Union high­ways min­is­ter Nitin Gad­kari said.

With about 86% of the to­tal cur­rency go­ing out of cir­cu­la­tion, the govern­ment sought to as­suage the peo­ple, say­ing banks and post of­fices will give out re­place­ment cur­ren­cies from Thurs­day.

But panic-stricken peo­ple rushed to rail­way sta­tions and petrol pumps to use up the Rs500 and Rs1,000 notes, spend­ing more than Rs1 lakh for train tick­ets.

Rail­way min­is­ter Suresh Prabhu said peo­ple were lin­ing up with Rs1,000 notes to purchase plat­form tick­ets of Rs10 each.

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