Cash crunch on Day 7: No respite

Non-availability of cash continues to torment common man for the seventh consecutive day as large number of queues have been witnessed outside ATMs and banks today.

People throng the banks and ATMs in large numbers and started queuing up outside since early morning today to withdraw valid currency notes from vending machines and exchange demonetised bills.

While banks remained closed yesterday on account of bank in many parts of the country, cash-starved customers again were disappointed today with most of the ATMs running out of the cash.
Many households are running out of even piggybank money saved by their children for meeting essential daily provisions.

Banks’ infrastructure is unable to handle the huge rush resulting in long serpentine queue where average waiting time is 4 hours, especially for exchange.

ATMs will still take two more weeks before they start dispensing new high-value Rs 500 and 2000 notes. Currently, they are dispensing Rs 100 notes which make them go dry in few hours.

Medaram Jathara

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