Demonetisation day 23: Cash shortage noted on payday as angry customers queue up again

Written by | December 1, 2016 | 0

Reeling under shortage of currency stock, banks across the country have resorted to rationing of cash in order to handle the huge payday rush at branches.

Although claims were made by various banks that adequate arrangement would be in place to tide over the cash crisis on payday, branches are seen rationing cash depending on their currency stock position.

Some banks are disbursing only Rs 5,000 per person while those having better cash availability are offering Rs 10,000 or Rs 12,000 per withdrawal. Making matters worse, a large number of ATMs are still dry despite recalibration of nearly 80 percent of ATMs, while people are struggling with the problem of change as the operational ones dispense mostly high denomination Rs 2,000 notes.

The news updates of day 23 show how people across India queued up in large numbers outside banks and ATMs to withdraw cash from their first salary received after the 8 November demonetisation.
People wait for cash in Delhi.

Long queues were witnessed outside most banks and functioning ATMs across the capital, residents said. At Lakshmi Nagar in east Delhi, hundreds queued up outside the only three ATMs that were dispensing cash. In Dilshad Garden, also in east Delhi, most ATMs were dry. There was a huge rush outside five banks in the locality.

At an ATM in Khirki extension in south Delhi, people queued up outside banks much before they opened. “I have to pay my landlord, maid, newspaper guy and many others. I am not sure I will get cash as this ATM works only for an hour after it is refilled,” Nandini Gupta, a call centre employee waiting outside a Khirki extension ATM, said.

The scene was no different outside the ATMs in Connaught Place in the heart of the city. A resident of Noida near Delhi, Shiv Kumar, even queued up outside the ICICI Bank in Sector 18 hours before it opened.

Filed in: National

No comments yet.

Leave a Reply