BENGALURU: A month after demonetisation, banks in Bengaluru continue to ration the money their customers can withdraw from their own accounts. Though the RBI has allowed withdrawal of up to `24,000 per week, most banks are doing their own improvisation by setting their daily limits ranging from `4,000 to `10,000. Some banks are allowing customers to withdraw `24,000 in one transaction. The other big post-demonetisation problem, only `2,000 notes being dispensed, continues.
To get a firsthand idea of the situation, an Express team visited several banks — their home branches — on Friday to withdraw cash. We checked out banks in Kumaraswamy Layout, Chamarajpet, Electronic City, Basaveshwara Nagar, Infantry Road and TC Pallya Road.
While most banks had cash, SBI at Thubarahalli ran dry at 3 pm and put up a ‘No Cash’ board outside. Such signs have been all too common at ATMs but for a bank to sport one was peculiar. The bank officials confirmed they indeed had run dry and the next arrival of moolah was not until Monday. Despite the signboard, people gathered at the bank, badgering officials with questions about withdrawing their money.
How can banks go dry?
While most banks had cash, SBI at Thubarahalli in Benga-luru ran dry at 3 pm and put up a ‘No Cash’ board.