Five-month payout sparks state-wide bank rush

Banks across Tamil Nadu reported heavy footfall on Friday after %5,000 was credited into the accounts of eligible women under the Kalaignar Magalir Urimai Thogai scheme, triggering long queues outside branches and cash machines from early morning.

- HD Bureau

Many beneficiaries hurriedto withdraw the entire amount amid concerns that the deposit could be adjusted or reversed later. With Saturday being the second Saturday — a bank holiday followed by Sunday, apprehension over access to funds added urgency to the rush, according to banking officials and customers. The State government's flagship assistance programme provides 21,000 per month to eligible women