1. Demonetisation pay day LIVE: From towns to villages, cash crunch crush hits India

Demonetisation pay day LIVE: From towns to villages, cash crunch crush hits India

People standing in the queues have complained that the ATMs constantly run out of money and stop dispensing money too frequently for comfort. Hundreds of people leave the ATMs crestfallen when they see 'no cash' outside the bank gates or ATMs

By: | New Delhi | Updated: December 1, 2016 5:20 PM
Even after 23 days after the demonetisation move declared by the NDA government, nothing seems to be back to normalcy, as people find it difficult to withdraw money from ATMs and banks. (PTI) Even after 23 days after the demonetisation move declared by the NDA government, nothing seems to be back to normalcy, as people find it difficult to withdraw money from ATMs and banks. (PTI)

Even after 23 days after the demonetisation move declared by the NDA government, nothing seems to be back to normalcy, as people find it difficult to withdraw money from ATMs and banks – one should note the fact that PM Narendra Modi had asked for 50 days from the public to get things back to normal. However, the general public has not really displayed any outrage even as banks have constantly been saying that they have no money most of the time. ATMs are either completely empty, or have long queues. People standing in the queues have complained that the ATMs constantly run out of money and stop dispensing money too frequently for comfort. Hundreds of people leave the ATMs crestfallen when they see ‘no cash’ outside the bank gates or ATMs.

The inconvenience has got too severe for some people to bear and, it was reported in DNA, that villagers in Bilaspur in Uttar Pradesh on Wednesday blocked the Noida-Sikandrabad road, affecting traffic movement for more than an hour. One of the villager named Dharam Bhati said, “For the last three days I have been visiting the bank to withdraw Rs 2,000 but am unable to get the money. Banks claim they are not getting cash. The ATMs too are without cash.” Another villager, Raje, alleged that, “Bank officials give money to their relatives while the common man after standing in queue for hours was told there was no cash and was sent back.”

5:00 PM:- An elderly woman named Karmaita (80) died in Pratapgarh today allegedly after she failed to withdraw her pension, while standing in the queue at SBI.  She fell unconscious and was rushed to the hospital.

4:30 PM:- People in Mumbai queued up outside banks and ATMs to withdraw money so as to meet their initial monthly expenses. Pradeep Pawar, an executive in a private firm, in an ATM at Powai area said, “I could only get a Rs 2,000 note, but I got it in pretty fast in five minutes. Now tomorrow, I will be back in the queue again to withdraw enough so as to meet my monthly payments.”

1:30 PM:- Many banks in Delhi have been cooperating with consumers; requesting them to maintain the basic decorum, providing them tokens and follow with the queue. On an average, SBI is distributing over Rs.6.5 crores a day. Security personnel have also been cooperating with the bank staffs.

12:30 PM:- In an long queue waiting for their turn at SBI ATM in Chandigarh, people were furious that they are getting only new 2000 rupee notes instead of the denominations of 100 and new 500 notes.

11:30 AM:- There was a long queue waiting outside an ATM in Okhla. A 45-years old lady has been waiting in the queue for long to withdraw Rs 2,500 on the first day of the month. She was very patient but at the same time disappointed saying “How can it be possible that we are not able to withdraw our own money?”

Please Wait while comments are loading...

Go to Top