oppn parties Bank Staff: The Real Heroes of Implementing Demonetization

News Snippets

  • The Indian envoy in Bangladesh was summoned by the country's government over the breach in the Bangladesh mission in Agartala
  • Bank account to soon have 4 nominees each
  • TMC and SP stayed away from the INDIA bloc protest over the Adani issue in the Lok Sabha
  • Delhi HC stops the police from arresting Nadeem Khan over a viral video which the police claimed promoted 'enmity'. Court says 'India's harmony not so fragile'
  • Trafiksol asked to refund IPO money by Sebi on account of alleged fraud
  • Re goes down to 84.76 against the USD but ends flat after RBI intervenes
  • Sin goods like tobacco, cigarettes and soft drinks likely to face 35% GST in the post-compensation cess era
  • Bank credit growth slows to 11% (20.6% last year) with retail oans also showing a slowdown
  • Stock markets continue their winning streak on Tuesday: Sensex jumps 597 points to 80845 and Nifty gains 181 points to 24457
  • Asian junior hockey: Defending champions India enter the finals by beating Malaysia 3-1, to play Pakistan for the title
  • Chess World title match: Ding Liren salvages a sraw in the 7th game which he almost lost
  • Experts speculate whether Ding Liren wants the world title match against D Gukesh to go into tie-break after he let off Gukesh easily in the 5th game
  • Tata Memorial Hospital and AIIMS have severely criticized former cricketer and Congress leader Navjot Singh Sidhu for claiming that his wife fought back cancer with home remedies like haldi, garlic and neem. The hospitals warned the public for not going for such unproven remedies and not delaying treatment as it could prove fatal
  • 3 persons died and scores of policemen wer injured when a survey of a mosque in Sambhal near Bareilly in UP turned violent
  • Bangladesh to review power pacts with Indian companies, including those of the Adani group
D Gukesh is the new chess world champion at 18, the first teen to wear the crown. Capitalizes on an error by Ding Liren to snatch the crown by winning the final game g
oppn parties
Bank Staff: The Real Heroes of Implementing Demonetization

By Sunil Garodia
First publised on 2016-11-18 21:31:59

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator.
In our worries about paucity of cash to buy daily necessities and queuing up to procure the same, let us not forget the yeoman’s service being rendered to the nation and its people by the army of bank staff. Bankers nationwide have been under immense stress since the gates were opened to the public on November 10, post demonetization. Apart from the extraordinary surge in transactions and contact with an angry and confused sea of people, the working hours have been extended – sometimes the backend operations after closure of public business has extended late into the night, what with disposing off old currency and tallying all transactions.

The biggest scare is for those who are handling the inflow of old currency notes. It is not a secret that currency notes are one of the most contaminated and germ-infested things we handle on a daily basis. The very fact that they pass through so many hands, are stored in so many places and are recklessly handled by almost everyone makes them extremely dangerous for health. In the present case, the danger has been multiplied due to the fact that a part of what is being deposited in bank accounts now was hidden for years in assorted places, packed in various ways. A Facebook post by a banker testifying to the fact that they had to use masks to avoid the disgusting stench that these currency notes were emitting has already gone viral. It is either because banking staff who are handling cash are taking extra precautions to remain uninfected or it is a miracle that we have not heard of an outbreak of skin and other diseases among them till now.

Then there is the case of stress. The work related stress is often bearable. What is not is the interaction with an unending stream of new faces, all tired (from waiting in queues), thirsty and hungry, angry, confused and concerned about their money. Most such people have a short fuse and the bank staff has been handling the situation most diplomatically and with great efficiency to prevent flare-ups. Coupled with this is the change in rules every single day. Explaining to the people why they could withdraw Rs 4500 till yesterday and only Rs 2000 today is an extremely difficult task, but the bank staff has been handling the situation admirably.

So, salute this army. Next time you visit the bank, spare a thought for all this and treat your bank teller with added respect. He or she is bearing this extreme stress only to provide you a service that is not part of their usual duty. If they can be so efficient and cheerful under the circumstances, the least you can do to repay them is to show some gratitude. Do not be rough with them and always greet them with a smile. You will be surprised how that will put them at ease. Perhaps if they find even 10 grateful customers each day, they will sleep well and will be able to bear the stress better. Remember, they have to cope with this daily till December 30.