Dry ATMs ruin Sankranti spirit in several districts of Telangana

The ghost of demonetisation has once again returned to haunt the people.  Many ATMs across northen Telangana are again running dry for the past few days.

Published: 14th January 2018 03:41 AM  |   Last Updated: 14th January 2018 07:45 AM   |  A+A-

By Express News Service

WARANGAL: The ghost of demonetisation has once again returned to haunt the people.  Many ATMs across northern Telangana are again running dry for the past few days. With Sankranti round the corner, people are finding it difficult to make  basic purchases.

It is learnt that the banks are not getting enough deposits since last two months, following which it was not able to keep cash in the ATMs.  Besides, the Financial Resolution and Deposit Insurance (FRDI) Bill has also created some confusion among people during the last couple of months. Many depositors started withdrawing their money.

While customers of banks lament that the ATMs have run out of cash and the banks are giving them limited cash on the plea of shortage, the bankers admit there is a shortage but claim the situation would return to normalcy soon.

According to an SBI official of Nakkalgutta branch in Hanamkonda, the branch was getting very less cash from its currency chest and they were running the business depending on the cash availability.  
“We are getting very less cash from our chest in Hyderabad and it is getting over within a few minutes.  We are allowing withdrawal of cash according to availability,” he said.

Almost all the ATMs in Warangal city have gone dry. “I have been running from one ATM to another since morning but all in vain as there is no cash,” said C Satish Reddy, an employee.

Even in banks the customers were not allowed to withdraw more than `5,000 and that too if cash was available. “I went to bank to with draw `20,000 to make purchases for Sankranti festival but they gave me just `5,000,” another person G Ravikiran lamented.

Similar situation is prevailing in the erstwhile districts of Adilabad, Karimnagar and Khammam. The ‘no cash’ days seem to be prevailing in the districts where people can only use the ATMs to check balance.
There are more than 100 ATMs  in Khammam town and its surrounding areas and almost all of them are dry. It is learnt that since people were anticipating cash shortage before Sankranti,  a large number of them withdrew cash a week ago to avoid the problem.

People in Adilabad are also facing the problem as traders are not accepting cards and  insisting on cash transactions. “Many traders were demanding cash stating that PoS machines are not working,” stated Ravinder Rao, a customer .  Only two ATMs are functioning in Adilabad town and people were seen standing in long queues for hours to withdraw money. The situation is similar in Karimnagar  where several ATMs have downed their shutters  due to non-availability of cash.

Stay up to date on all the latest Telangana news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.