You Must Read This Viral Post About Why Bankers Are Supporting Demonetization Move

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11:44 pm 15 Nov, 2016

A manager at a bank in Mumbai told Humans Of Bombay about what it is like for them during this demonetisation period.

On November 8, PM Modi announced that Rs. 500 and Rs. 1000 currency notes won’t be considered as legal tender. He said that the move was taken to curb black money. After that, the nation has gone into frenzy with many with left no cash in hand.

However, even bankers weren’t aware of PM’s move until he made the announcement. They were also taken by surprise just like others.

“I’m the manager at a bank. On 8th November, I was working a bit late when my husband called me and said, ‘how did you not tell me that 500 and 1000 Rupee notes are getting scraped’ and I was shell shocked. None of us had any idea what was going on…we just knew it was huge. So we went into work the next day, preparing for the days to come but no amount of preparation could fully prepare us for what was coming,” she said.

She says people’s view of the whole situation has been limited to the queues. They don’t know what is happening in banks which she explains is entirely different.

“We became a part of the dirty cycle that runs in this country. On one end there were chaiwallas, istriwallas who are queuing up to deposit their hard earned money but on the other end we’re receiving black money that had been stashed away for years possibly and all this cash smells like rotten leather.

Bankers like have to deal with every kind of nuisance created by demonstration. But, she says that due to the move people who were holding black money have come to light.

“From fights breaking out and the police intervening to educated people storming our offices and violently asking us for money — we’ve dealt with it all,” she said.

She gave an example of a builder who’s had an account with their bank for many years. “Suddenly, he has over 300 crores in black money, but before this he claimed to have none at all — that’s how dirty the business is.”



She asks people to be patient as it is a revolutionary move that will strengthen our country.

“I completely understand what the common man is going through as well, but what can we possibly do?  We’ve hardly slept these past few days, we’re not taking any weekends off.We’re all in the same situation, we just need to sit tight and understand that steps are being taken to aid the process — this is for the future of our country and the least we can all do at a time like this is have patience and believe that everything will stabilise soon,” she said.

The post has gone viral and has been liked more than 12,000 times.


Tell us what do you think about the demonetisation move.

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