In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat. Causing a lot of problem to the common man, who have to return home empty-handed from ATMs.
Cash may no longer be the king it once was, but dry ATMs still do pinch, even 15 months after demonetisation. Although the government has stepped in and assured that it is taking steps to tackle the cash shortage at ATMs, the printing of notes appears to be taking some time. Aside from the government’s reassurances, here are five ways to beat current cash shortage.
Many ATMs around the country, not only in the rural interiors but also Suburban townships of large metros, have been facing severe cash crunch for more than ten days now, particularly larger denomination notes. Long queues and ‘no cash’ signboards have became common in many parts as depositors are queued up to withdraw as much cash as possible in what is proving to create a mini panic. The RBI has clarified that the situation has risen due to logistical issues and there is no cash crunch in the country.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs.
Many ATMs around the country, not only in the rural interiors but also Suburban townships of large metros, have been facing severe cash crunch for more than ten days now, particularly larger denomination notes. Long queues and ‘no cash’ signboards have became common in many parts as depositors are queued up to withdraw as much cash as possible in what is proving to create a mini panic. The RBI has clarified that the situation has risen due to logistical issues and there is no cash crunch in the country.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat. Causing a lot of problem to the common man, who have to return home empty-handed from ATMs.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs.
Many states like Delhi, Maharashtra, UP, Telgangana and Rajasthan among others have reported that ATMs are either not working or have no cash. Many on twitter, including Mamata banerjee and Sitaram Yechury, are saying that it is a reminder of the cash crunch situation after demonetisation was announced in November, 2016. Union Minister for Finance, Arun Jaitley, has tweeted that the problem is temporary because of ‘sudden and unusual increase’ in some areas and that there is more than adequate currency in circulation.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
About 95% of the 2.2 lakh ATMs have been re-calibrated to accept and dispense the new currency notes.