AAI to allow temporary currency exchange counters at airports

Updated: Nov 18, 2016, 14:22 IST | PTI

National airports operator AAI said it will allow scheduled commercial banks to operate temporary currency exchange counters at aerodromes as people still face difficulties in the wake of demonetisation of Rs 1,000 and Rs 500 notes

New Delhi: National airports operator AAI on Friday said it will allow scheduled commercial banks to operate temporary currency exchange counters at aerodromes as people still face difficulties in the wake of demonetisation of Rs 1,000 and Rs 500 notes.

"Decision of the Government of India to demonetise the currency (Rs 1,000 and Rs 500 notes) across the nation has led to currency hardships for airport users and air travellers," AAI said in a release.

"Hence, extending its support to the campaign and facilitating airport users and air travellers, AAI has decided to allow any scheduled commercial bank to open and operate (on temporary basis) currency exchange counter (small)."

Airports Authority of India (AAI) said such counters can operate free of cost till December 31. It would not levy any charges for space and electricity.

Earlier this week, the government waived parking fee at airports till the mid-night of November 21. This is applicable on both AAI as well as privately operated airports. There are 75 operational airports, including six run under joint ventures.

A ministry official said the arrangement would not be there at airports run under joint ventures. In these cities, there are already sufficient bank branches and exchange counters, the official added.

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