Cash Crunch Reported At ATMs In Many States, Some Not Working

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Cash Crunch Reported At ATMs In Many States, Some Not Working

April 17, 2018, 8:00 AM

A cash crunch has been reported in ATM in several states of India, including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana. People in Delhi have also been tweeting about non availability of cash at ATMs. In south Delhi’s RK Puram and Khanpur many ATMs have run dry say residents.

In Hyderabad office goers have told news agency ANI, that they have been unable to withdraw cash from ATMs in several parts of the city since yesterday. There are reports from Varanasi as well of people saying there is no cash at ATMs since yesterday.

Life has become miserable for majority of residents, especially traders. People are having a harrowing time in the scorching heat running from one ATM to another in search of money.
Sandeep Chourasia, a contractor in Bhopal, reached New Market at around 8.45 am on Monday to withdraw cash from an automated teller machine. From one ATM to another, he went around the market area on his bike, but was disappointed to find that all the ATMs had run dry.

Irrespective of the fact whether the ATMs belong to public or private sector banks, there is no cash, he said. In fact, Chourasia started his search for cash from old Bhopal area and hopped from Bus Stand, Hamidia road, Peergate to New Market only to find all the ATMs without cash.

One bank official said, “There is indeed a cash crisis. As and when people find cash they withdraw more than what they need leading to further crisis.”

Source – Gconnect

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