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Ahmedabad man gets defective Rs 500 note from ATM

April 17, 2017 10:30 PM
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AHMEDABAD: Demonetization blues continued to affect the quality and quantity of currency notes in circulation. A city man was recent dispensed a defective Rs 500 note from an ICICI bank ATM in the Maninagar area here on Monday.

Vivek Panchal, a professional who lives at Radhe Bungalows Society in the Khokhra area, got a note which is printed improperly and has an irregular cut on one side.

Panchal, the son of BJP municipal councillor from the area Jagruti Panchal, said, "I went to the ICICI Bank ATM which dispensed a defective Rs 500 note. When I told the bank customer service staff about this, they told me to meet the branch manager who sent me to deputy manager. When I presented my case, he told me it is not their fault that defective notes are dispensed from ATMs. He said the Reserve Bank of India (RBI) is at fault and advised me to approach them to change the defective note."

This is the second case of defective notes reported in the city. Earlier, a paan shop owner from the Bodakdev area, Vansh Barot, was dispensed a defective Rs 2,000 note in November. The demonetization of all existing Rs 1,000 and Rs 500 notes was announced on November 8 by PM Narendra Modi.

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