Tuesday, January 18, 2022

Pune: Queues get longer, patience runs out

Demonetisation: ‘Cashless’ banks and dry ATMs frustrate people in the city.

By: Express News Service | Pune |
December 17, 2016 12:35:45 am
demonetisation, demonetisation pune, pune atms, pune news, indian express A man with a baby lines up to withdraw cash at a bank on F C Road on Thursday. Pavan Khengre

Even as the 50-day-deadline given by Prime Minister Narendra Modi is less than a fortnight away, the cash crunch at the ATMs and the banks refuses to end. On Friday, several public sector banks too were found to be struggling, finding it hard to disburse cash among customers with no ease in liquidity.

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While at State Bank of India’s Pimpri branch, police had to be called in to pacify customers who demanded Rs 5,000 per person, the bank agreed to give out only Rs 2,000. At SB Road branch, customers had to wait for over three hours before the disbursement began as there was no cash in the bank until late in the afternoon. Several other banks continued to ration the money at Rs 2,000 to Rs 5,000 per customer although the limit laid down by the RBI remains Rs 24,000 per person per week.

On Friday too, most ATMs remained shut and those with cash saw serpentine queues. At SB Road branch of SBI, the queue of customers waiting for money spilled over to the parking lot of the building.

“The state bank ATM near the branch, which mostly remains functional, has gone dry now. I had no option but to wait in the queue to withdraw money using cheque but the disbursement is yet to commence as the officer is waiting for cash to arrive,” said a man in his thirties waiting in the queue.

At another ATM of Standard Chartered bank on S B Road, Sushant Kumar, a software professional, said, “I hardly use cheques and never actually needed a passbook. So I have no option but to visit an ATM to withdraw money for my daily use. Since three days, I’m coming here during my lunch time to wait in the queue. I didn’t get any money yesterday although I got Rs 2,000 note the previous day. I need more cash so I am back.”

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