Banks geared up for last day for receiving banned notes

December 30, 2016

Bengaluru, Dec 30: With just a day left for depositing the demonetised notes, banks across the city witnessed a huge rush as large number of people came to deposit Rs 1,000 and Rs 500 currency notes.

Banks

One of the persons who came to deposit scrapped notes said that he had to take half-a-day leave to visit the bank.

“I had few thousand rupees. I took half-day leave, stood in a queue and deposited the money. From January 1, I was told that we have to explain the reason for holding the banned notes or may face penalty.”

The deadline for depositing old currency in bank or post office accounts expires on Friday. But one can deposit the banned notes up to March 31, 2017, in select RBI counters.

“We had a tough day as people came in large numbers to deposit notes. The crowd was so much that we stopped all other work and concentrated only on accepting old notes,” a top official from a public sector bank told DH on condition of anonymity.

Many bankers are disappointed over the RBI issuing frequent notifications on demonetisation. “We don't know what is there on December 31 or January 2, 2017. Our system gets blocked simultaneously. We are finding it difficult to cope with such frequent notifications from the central bank,” the official added.Holding old notes beyond a threshold may attract fine up to Rs 10,000 or five times the cash held.

Another top banker said, “For us, Thursday was a normal day. However, on Friday, we are expecting more crowd as it is the last day for depositing demonetised notes. We are prepared for it. Hopefully, there will be no fresh notification by the RBI.”

A banking expert said that all customers must find time and deposit by Friday. Henceforth, they have to visit the RBI which will see serpentine queues.It is only in the metro cities, where people are still holding old notes, he said.

“A majority of the customers in small towns have already deposited old notes and they are now visiting banks to withdraw money from their accounts,” said Purushotham A?P, the manager of IDBI Bank, Chitradurga branch.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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