Sun, Dec 4, 2016 | updated 07:49 PM IST

Moradabad trader deposits Rs. 1.5 lakhs in lower denominations

Updated: Nov 18, 2016 08:36 IST

Moradabad (Uttar Pradesh) [India], Nov.18 (ANI): A trader in Uttar Pradesh's Moradabad city has set a unique example by depositing Rs. 1.5 lakh in lower denominations of Rs. 100 and 50 and 10 respectively to address the woes of the common man.

Avdhesh Kumar Gupta also urged others to emulate him in this hour of crisis.

"I deposited my money because of the grievances faced by the people standing in long queues before the ATMs. When I saw the despair on the faces of old people, I could not stop myself from taking this step," Gupta said.

S. Tandon, the branch manager of State Bank of India (SBI), Buddhi Bihar, lauded Gupta for his initiative and expressed hope that others would follow suit.

"We were facing a cash crunch and appealed to our old customers to deposit some amount in the bank. I salute the effort of Avdhesh Gupta to help the people who are in real need of cash," said Tandon. (ANI)