Banks have been directed to use indelible
ink to prevent multiple exchange of demonetized currency at bank counters. The move comes in the wake of people with the banned currency making multiple trips to banks to exchange them thereby crowding the bank counters and even visiting multiple banks to exchange the notes. The government feels this mars the chances of many genuine exchange seekers from getting their banned currency notes converted into new ones. A finance ministry official said the use of indelible ink – also used to stop multiple voting in Indian elections – would prevent unscrupulous persons from sending people from one bank branch to the next to exchange old notes. Individuals are allowed to swap Rs 4,500 just once.
