"At the time of demonetization, no one is left with any money, not even mobile network giants,” laughs Roopali Pasricha Bhasin at her friend's comments. The 26-year-old public relations professional from Delhi, received a cheque of 22 paise from her previous mobile network company.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Bhasin received an envelope at her office containing a cheque of 22 paise from Vodafone as a part of her security amount. Bhasin had discontinued her mobile number, but did not clear her dues on time, as a result of which the telecom giant penalised her by deducting the amount from security deposit.

In a Hindustan Times report,  she wondered that the company must have spent much more on postage charges than the amount that was paid.

Earlier this month, Vodafone posted over two-fold increase in losses at 5 billion euros, or Rs 37,382 crore, in the first half of the fiscal ended September, due to impairment of non-cash assets of Indian arm impacted by stiff competition. The company has also deferred plan of going public in India due to unfavourable market condition.