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The latest declaration made by
the Hon’ble Prime Minister, Shri Narendra Modi, regarding the cancellation of
500 & 1000 rupee notes has taken all by surprise. Though, the action is
targeted towards resolving the critical issue of black money and for the
betterment of our economy, it is also posing some obstacles to the common
people and businesses.
As per the RBI guidelines, Shriram Automall will not be accepting 500 & 1000 rupee current denomination old
notes with effect from November 09, 2016 for any cash dealings within the
Automall or otherwise for any purposes. Owing to this, all cash dealings at the
bidding events being held at different locations around the country were
affected to a great extent, where the non-acceptance of the 500 & 1000
rupee notes and the limited valid denomination available both led to disruption
in the flow of registration and bidding activities.
It made it difficult for the
Automall managers to handle the crowd coming to them with now old currency
notes and approaching for purchase. They had to refuse many, leading to slowed
down transactions and also, disappointment to the customers. Though, we made a
provision for accepting cheque in place of cash for a certain amount of money
for our prime customers who have been regular and loyal to us for years.
The team at Shriram always puts
in its best efforts to ensure that the current situation should not let its customers being affected to
the maximum extent possible. The company
regards its customers with utmost priority and thus, its quick and easy
alternatives came into handy play to enable instant access through online
transactions by using SAMIL mobile application and website payment gateway as
well as via card transactions. SAMIL executives too are working hard in their
own capacity towards ensuring an unhindered dealing, providing complete support
at every step and educating those in particular who are technically at the back
front so as to enjoy a hassle-free experience at all our Automalls.
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