Cash-crunch knocks again: 5 states still have dry ATMs

Apr 17 2018 11:34 AM
Cash-crunch knocks again: 5 states still have dry ATMs

More than a year when the nation had faced cash crunch due to government’s decision of demonetization, there is same situation occur people in some states are again in front of the problem with a majority of ATMs who are running out of cash.

A majority of ATMs mostly in the five states of Bihar, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana have gone dry. Due to this people are running from one ATM to another in search of cash.

“We have been unable to withdraw cash from ATMs as the kiosks (ATM Kiosk), in several parts of the city, have run out of cash. We have visited several ATMs since yesterday but it is the situation everywhere,” said a customer in Hyderabad.

“We do not know what or where the problem is but the common man is facing difficulty as the ATM Kiosks are not dispensing cash. We have visited 5-6 ATMs since morning. We need to pay for the admission of children and purchase groceries & vegetables,” said people in Varanasi.

According to sources RBI said the lack of cash is due to huge demand in the festive season. The biggest financial System further claimed that the situation will normalize in a day or two.  

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