Credit Cards May Not Help You Either As Demonetisation Takes Toll

Are we locked out of plastic money transactions now too?

Ban on Rs 500 & 1,000 notes won’t be enough to catch the big fish involved in money laundering. (Photo: Rhythum Seth/The Quint)

Demonetisation has broken the country’s back irrespective of age and class. If you thought using plastic money could be a way of circumventing this catastrophe, then you’re living in a tiny little bubble. It looks like your credit and debit cards may betray you now too.

When PM Modi announced that he’d be killing a major chunk of our currency (read: Rs 1,000 and Rs 500 notes), our first instinct was to refurbish virtual wallets and flash debit and credit cards for making payments. Four days later, we are where we were on Tuesday: cashless and stranded. Not a single ATM seems to be working and plastic money servers seem to have crashed.

Here’s how the market appears to be faltering, one block at a time.

Some People at The Quint Too Felt the hit

Sahasranshu Mahapatra had trouble paying bills

Suresh Mathew was unable to make payments at Oberoi in Mumbai

We’re hoping that things get better. Meanwhile, have patience fellow Indians, we’re all in this together!