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ATMs Go Dry as Bank Strike Begins

People holding accounts in public sector and some private banks might not be able to withdraw money from the ATMs as around 80,000 employees of the banks working at about 5,000 branches in the state launched their two-day strike on Monday demanding an increase in wages.

Published: 11th February 2014 08:17 AM  |   Last Updated: 11th February 2014 08:17 AM   |  A+A-

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People holding accounts in public sector and some private banks might not be able to withdraw money from the ATMs as around 80,000 employees of the banks working at about 5,000 branches in the state launched their two-day strike on Monday demanding an increase in wages.

It is learnt that some of the ATMs may go dry by Monday itself but people could face more trouble on Tuesday.

With Sunday being a holiday, the banks stocked ATMs with money on Saturday, a working day for them. “Most of the banks  stocked ATMs with money on Saturday. But, the ATMs located at banks and in busy localities might run out of cashby Monday itself,” said VVSR Sarma, convener, United Forum of Bank Unions (UFBU), AP State.

According to the employees, their main demand is revision of wages by 30 per cent and withdrawal of the move for banking reforms. The strike is set to continue on Tuesday. Most customers were caught unawares.

“I promised to send money to a person by Monday but I came to know that the bank would remain closed only after coming here,” said Prasad, a resident of Nallakunta adding that he did not think of any other option of sending the money.

The strike by the bank employees affected financial plans of people. “I got my first salary on Friday and deposited the check on Saturday. The staff said that bank would remain closed till Tuesday. I have to meet some expenses but have no other option than to wait till the banks open,” said P Sunil Kumar, an employee.

When asked about the inconvenience caused to customers because of the strike, MV Murali, convener of UFBU, said, “If there is a strike, some people will experience inconvenience. We are on strike not just for salary increase but also to oppose  the proposed reforms in the banking sector which will affect common people,” he explained.

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