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Watch: Bank pays man Rs 20,000 in form of Rs 10 coins in Delhi

In The Absence Of Higher Denominations Of The Valid Currency Notes, The Bank Offered Him A Choice To Receive The Requested Rs 20,000 In The Form Of Rs 10 Coin And He Accepted, Imtiaz Alam Told Media.

News Nation Bureau | Edited By : Arshi Aggarwal | Updated on: 19 Nov 2016, 02:05:25 PM

New Delhi:

A Delhi-based man got his five minutes in limelight on Saturday when he was paid Rs 20,000 by his bank in the form of Rs 10 coins.

In the absence of higher denominations of the valid currency notes, the bank offered him a choice to receive the requested Rs 20,000 in the form of Rs 10 coin and he accepted, Imtiaz Alam told media. 

Showing his uncommon collection of the coins, Alam said that he was tired of standing in the queue for hours and had to accept what was offered. 

"Manager offered me 10 rupee coins after they ran out of cash. I agreed to take coins rather than standing in long queues again," he said. 

Banks are facing cash crunch due to rush to deposit or exchange old currency notes of Rs 500 and Rs 1000 after they were banned on November 8 to route out black money and corruption from Indian economy. 

Also read: 

Demonetisation of Rs 500 and Rs 1,000 currency notes: 10 days later, 10 things that you should know

Watch video | Currency ban: Only senior citizens allowed to exchange old notes today

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First Published : 19 Nov 2016, 01:44:00 PM