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Public woes continue
Thousands of people were seen going from one ATM to the other on their two-wheelers since early morning in the hope of withdrawing cash to meet their daily expenses. All banks in the city remained closed with Saturday being declared a holiday for them after more than 2 weeks of working overtime for their staff.
Vijayawada: Problems being faced by the common people due to demonetisation continued on Saturday as most of the ATMs in the city remained closed or were bereft of cash.
Thousands of people were seen going from one ATM to the other on their two-wheelers since early morning in the hope of withdrawing cash to meet their daily expenses. All banks in the city remained closed with Saturday being declared a holiday for them after more than 2 weeks of working overtime for their staff.
Due to closure of banks, a large number of customers went to ATMs to withdraw their money. Unfortunately, more than 90 percent ATMs in the city were out of order in the city. Common people are badly in need of small denomination notes to meet their daily expenses.
But, most of the functioning ATMs have been disbursing only Rs 2,000 notes. The people are understandably reluctant to withdraw these notes as it is difficult to get ‘change’ for them.
Traders are unwilling to take the new Rs 2,000 notes because they don’t have change to repay the customers. Due to short supply of Rs100 notes, the bankers are not able disburse the small denomination notes.
This is severely affecting the trading activity in Vijayawada. District Collector Babu A announced on November 23 that Rs 25 crore worth Rs 500 denomination new notes would be supplied to the banks in the district and some amount will be filled in 640 ATMs.
But, the new Rs 500 notes are not yet available in ATMs. Meanwhile, some bankers are not keen on filling the ATMs with their reserves. “I can’t fill all the cash in ATMs because the regular customers in my branch will suffer. I am answerable to them and have to disburse cash to them at any cost,” said a manager of a nationalised bank on condition of anonymity.
The State Government is putting pressure on the RBI to send more cash supplies to the State as crores of people are badly in need of money.
Customers have to wait till Tuesday to withdraw their money directly from the banks. Banks are also making arrangements to fill the notes in the ATMs for the convenience of customers, said a senior bank manager.
