Huge withdrawals, especially through current accounts, have started leaving ATMs without cash
Panchkula: In a bid to ease the inconvenience of customers at banks and ATMs, the authorities, however, are working towards various schemes to cater to all the citizens but the impact of the same seems to be declining at several parts of the district. Even after three-and-a-half months of demonetisation, it seems that city residents are still suffering from aftershocks. In the past few days, ATMs at several places have again started running dry. Most of the ATMs, which have cash, are dispensing only Rs 2,000 notes. Huge withdrawals, especially through current accounts, have started leaving ATMs cashless.
On the other side, the pay days after demonetisation have also brought more misery to people than the normal routine of getting some cash in hand. The number of customers turning up at bank branches to withdraw salaries or their money are likely to rise four-fold compared to the normal times, bankers said.
Also ATMs in Pinjore and Kalka continue to disappoint the residents. Harassment of residents at ATMs continued unabated as around 70 per cent of cash-dispensing machines in these areas are non-functional and those functional are only dispensing higher denomination currency notes.
Devendra Kumar, general manager of the State Bank of Patiala, Panchkula, said: “Even today we are receiving just 50 per cent to 60 per cent of the cash that we require. ATMs are running dry again due to the revised withdrawal limits.” Majority of ATMs in the markets of Sectors 12, 16, 17 and 21 among a few others of Panchkula were not dispensing cash on the weekend, while none of the ATMs in Sector 4 had any cash. Also, no ATM in Sector 16, Panchkula, had any cash for the past few days, while one was dispensing only Rs 2,000 notes. Also many ATMs in the markets of Sectors 67, 68 and 69 of Mohali had been found running dry for the past couple of days, while none of the ATMs in Sector 32, Chandigarh, had any cash. Ankit Avasthi, a resident of Sector 16, Panchkula, said: “For the past few days, the problem has been severe as no ATM near my place has any cash.” The situation is worse in the outskirts of the city as even banks in these areas do not receive enough cash.
However, queues subsided only last month, long queues could be witnessed once again if cash crunch returns. On November 8 last year, currency notes of Rs 500 and Rs 1,000 were demonetised and new notes of Rs 500 and Rs 2,000 were launched. For more than a month, long queues were a common sight outside banks and ATMs and rarely cash was available at banks.
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