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MTC crew fights for fifty paise whereas SBI ATMs crave for one hundred rupee denomination notes

MTC crew fights for fifty paise whereas SBI ATMs crave for one hundred rupee denomination notes

If you have been to Chennai and had an opportunity to take a quick ride in MTC (Metropolitan Transport Corporation), you should have got to know about the common argument that the bus conductor has with the passengers -- the need and demand for fifty paise and denial of fifty paise change tendering to the passenger. This is a common incident in every trip and every bus of MTC here. The conductors contend that though MTC gives and seeds them initially with some change at the start of the trips, it is too hard to maintain it through for the trips since passengers give hardship to them by tendering one hundred rupee note for a paltry two rupee fifty paise ticket and they are running out of change very soon. They are hence running into change deficits even before the first trip completes. On the passengers side, there is an allegation that MTC conductors trade off the changes to the road side shops for a bountiful commission. Not sure which set of the arguments weigh more in their degree and intentsity of veracity.

While this happens to be the state of the transport corporation, India's premier bank (SBI) has another story to weave and tell. They frequently get to have their ATMs suffering out of one hundred notes and you can see placards hung to this effect in front of their ATMs. You can also check out a Rupeetimes article to this effect over here.

Perhaps each giants in their own spheres of expertise have their own limitations to reveal and a good strategy to untangle the spaghetti. And again, I believe, this is what turns out be a succinct salient testimony of a well-known Tamil proverb "வீட்டுக்கு வீடு வேற வேற வாசப்படி". :)


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