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E-cash not taken by all, say Bengaluru residents

Many people, who got their salary this month, are neither able to spend on themselves, nor are they able to do their monthly payments, including for house rent, milkman, domestic maid, thanks to the c

Published: 04th December 2016 06:12 AM  |   Last Updated: 04th December 2016 07:02 AM   |  A+A-

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Long queue outside a bank at Madiwala on Saturday|Pushkar V

By Express News Service

BENGALURU: Many people, who got their salary this month, are neither able to spend on themselves, nor are they able to do their monthly payments, including for house rent, milkman, domestic maid, thanks to the current cash crunch.

With e-cash not accepted by everyone, residents face the brunt. Shadja, a resident of Nagarbhavi, said that their owner has refused to accept the rent through online transaction.

“I have not paid rent for two months. I pay Rs 7,000 a month and the owner is refusing to take Rs 14,000 cheque or online payment. He said he will wait for another month, but he wants cash,” she added.

While a few were successful in paying their house rent through cheques or online, they were not able to make online transactions for the rest.

Dharmasen, resident of Sai Ratnam Manor in Chamrajpet, said, he stays in a rented apartment.

“I paid rent online. But I am not able to pay the monthly maintenance, which is Rs 1,500, to the apartment management. I have some change for Rs 1,500 but I kept it for my emergency use,” he said. Interestingly, his maid has accepted cheque for her salary of  Rs 1,500.

But Srilakshmi, a resident of Nandini Layout, has not been so lucky. She is not able to pay her house rent or give salary to her maid.

“Last month, our landlord accepted old currency notes.

But this time, due to long queues in the bank, I am not able to withdraw cash. I have some old currency notes, which I am not able to exchange and my landlord is demanding rent only through cash,” she said.  

Jagadish K, a resident of Channasandra, was lucky enough to get change from a temple near
his house.

He said, “I had two new Rs 2,000 currency notes and instead of Rs 4,000 change, I got Rs 3,800. It’s okay to offer Rs 200 to god than exchanging it through some illegal transaction by paying a commission.”

He added, “ I paid my milkman, maid and also recharged my phone. As for rent, I have
requested the owner to accept cheque or online payment. Hopefully by next month, things will be better and we might get Rs 500 notes.”



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