Workaround: What People Are Doing to Avoid Long Queues
As many people across the country struggle at long queues to exchange their Rs. 500 and Rs.1000 notes, some people are looking at easier alternatives instead.
As per sources, some people are resorting to plastic money, e-wallets, gold investments, and even local kiranewala to get around the chaos.
So how exactly are they dealing with the situation?
# Many doctors have tied up with medical shops whose customers agree to pay fees via debit cards and credit cards.
# Many people are buying liquor by paying a higher price than the MRP simply to get rid of their old notes.
# Jewelry shops across the country are still accepting Rs. 500 and Rs. 1000 from their customers and giving back-dated bills. This is the reason why the price of gold has shored up quickly.
# Many people are booking train and flight tickets which can be cancelled for a refund at a later date.
# Since the govt has put bank deposits under scanner, many people are splitting their notes among family members who then deposit the money in their respective accounts.
# The local kirana shops in some places are willing to give legal notes in exchange of old currency notes for a huge commission.