Cash crunch escalates during bank holiday in Delhi

In Delhi, long queues were witnessed on Saturday and Sunday. Many ATMs went dry even though people queued up in front of ATMs, hoping that concerned authorities would come and refiled it.

Cash crunch escalates during bank holiday in Delhi

As most ATMs have not been functioning to their full capacity and bank has been closed since Saturday, the ongoing cash crisis escalated further leaving people high and dry for want of cash during the weekend. Customers have been venting anger as most of the ATMs are running dry across the country.

In Delhi, long queues were witnessed on Saturday and Sunday evening. Many ATMs ran out of cash even so people queued up in front of ATMs, hoping that concerned authorities would come and refiled it.


"I stood there for more than an hour expecting that bank official will come and refiled it. But even after one hour, nobody came, so we left the ATM and search for other ATM with cash nearby," Somorjit Meitei, a resident of Maharani Bagh in South Delhi said, adding that he stood in queue for the past few days for but could not get cash.

In many places it has been found that ATMs are refilled with 2000 rupees notes, so people find it hard to get change of the 2000 rupees note at this time. People who have less than 2000 rupees in their bank balance are unable to withdraw cash from most of the ATMs.

"I stood in the line for around 2 hours, it's okay, everybody has to stand in long queue in the aftermath of demonetisation. But the sad part is I have only 1000 left in my bank balance and I didn't know that the ATM is dispensing only 2000 rupees notes. So, when my turn to use the ATM came, I was unable to dispense cash as the ATM has only 2000 rupees notes," grieved David Moirangthem, a resident of Hari Nagar Ashram in South Delhi.

Most of the ATM card were not working due of excessive load on Saturday and Sunday in many shops in New Delhi. "All shops that I went into were asking for cash saying that said card swipe machines were not working. I went to an eating joint in Connaught place but unable to place order as "pay by card" option was not accepted and I didn't have enough cash," Ashish Shrivastava, a customer, narrated.



Note: This story was originally published on NaradaNews.com on December 12, 2016.