No currency ban here: Demonetisation creating brisk business for sex workers in Kolkata

In the last two days, sex workers in and around Sonagachi have deposited more than Rs 55 lakh in Usha Multipurpose Cooperative Bank, which was formed and is run by former sex workers in 2001 for women in the same trade.

No currency ban here: Demonetisation creating brisk business for sex workers in Kolkata
KOLKATA: As demonetisation of high value notes hit small businessmen across the city, sex workers of Sonagachi here, South Asia's largest redlight area are seeing brisk business as they are aceepting high denomination notes.

"Our girls have been asked to accept Rs 500 and Rs 1000 notes. But they are telling customers that they will not accept those after this week. Therefore there is a huge rush of customers. Although sex workers in top categories are facing no problem but those who take only Rs 300 to Rs 400 are facing great difficulty," said Bharati, the mentor of the Durbar Mahila Samanwaya Committee, a sex workers' organization, which has 1.3 lakh registered sex workers under it across Bengal.

Sex workers who charge below Rs 500 are facing tough time as they have hardly got any customers in last two days.

Here's what you need to do with your Rs 500 and Rs 1,000 notes
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For exchange upto 4000 in cash you may go to any bank branch with valid identity proof. Any amount above 4000 will be credited to your bank account. You may go to the branch where you have an account or to any other branch of the same bank.
For exchange upto 4000 in cash you may go to any bank branch with valid identity proof. Any amount above 4000 will be credited to your bank account. You may go to the branch where you have an account..
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Retail petrol pumps will accept old notes till November 11, after which the stations will have to keep a register of such notes for some time.
Retail petrol pumps will accept old notes till November 11, after which the stations will have to keep a register of such notes for some time.

Prospective customers first inquire whether the sex workers will accept Rs 500 and Rs 1000 notes. "If we say no we will lose the customer. We have to accept the notes and Durbar and Usha bank had assured us that our money will not go in waste," said Rekha a sex worker.

In the last two days, sex workers in and around Sonagachi have deposited more than Rs 55 lakh in Usha Multipurpose Cooperative Bank, which was formed and is run by former sex workers in 2001 for women in the same trade.

"Due to the huge rush of customers in Sonagachi, the sex workers in last two days have deposited more than Rs 50 lakh in their bank accounts in Usha Bank. Generally sex workers prefer to keep money in their homes but after demonetization, there is a rush among sex workers to deposit money in the bank," Shantanu, a senior official of Usha Bank said.
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In normal circumstances Usha Bank does business of around Rs 5 lakh per day.
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