1. Majority ATMs go out of cash in Jagatsinghpur, Kendrapara

Majority ATMs go out of cash in Jagatsinghpur, Kendrapara

Leaving the users high and dry, majority of ATMs have gone out of cash triggering a crisis-like situation in both urban and rural areas of Jagatsinghpur and Kendrapara districts in Odisha.

By: | Kendrapara (odisha) | Published: June 12, 2016 5:34 PM
“Our bank has been conferred chest bank status by RBI. We used to receive cash from RBI twice every month amounting to over Rs 200 crore. (Reuters) “Our bank has been conferred chest bank status by RBI. We used to receive cash from RBI twice every month amounting to over Rs 200 crore. (Reuters)

Leaving the users high and dry, majority of ATMs have gone out of cash triggering a crisis-like situation in both urban and rural areas of Jagatsinghpur and Kendrapara districts in Odisha.

ATMs are there for customers’ convenience with 24×7 withdrawal facility.

However, ‘no-cash’ scribbled on a piece of paper stuck on the machine greets ATM card holders.

Over 200 ATMs are in operation in these parts of the state.

The harassed customers making rounds of a few ATMs to withdraw the money have become a common sight since past one week.

On an average Rs 400 crore cash withdrawal is done every month through over 200 ATMs installed in both these districts. However, short supply of currency notes to chest banks has given rise to ‘cash-drought’, bank officials said.
In Kendrapara there are 57 ATMs.

On 1 June ATMs were replenished with Rs 20 crore cash, but the machines have run out of money after a week due to excessive withdrawal by customers. The bankers are flooded with complaints from customers.

However, they have failed to redress grievances as the ‘chest’ bank here is not having the required cash at its disposal, said bankers.

“Our bank has been conferred chest bank status by RBI. We used to receive cash from RBI twice every month amounting to over Rs 200 crore.

However, cash flow has trickled down to as low as RS 20 to 30 crore in recent past.

Operation of ATMs has become the worst casualty due to deficient cash reserve”, Chief Manager, SBI main branch here, Pramod Kumar Pradhan said.

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