Reports of ‘crunch’ lead to queues outside ATMs

  • | Thursday | 19th April, 2018

“I landed in Delhi on Tuesday and have been hearing reports of cash crunch at ATMs since then. ‘Like demonetisation’“This sudden cash crunch has caused a lot of inconvenience to all of us, especially the elderly. As reports of cash crunch at ATMs continued on Wednesday, several people across the Capital were seen lining up outside kiosks to avoid “issues faced during demonetisation”. While bank officials denied “shortage of cash at ATMs”, city residents in certain areas were seen searching for kiosks dispensing cash. This again makes it difficult to buy household items or carry out other small transactions with street vendors,” said Mayur Vihar resident Shubham Tonk.

more-in As reports of cash crunch at ATMs continued on Wednesday, several people across the Capital were seen lining up outside kiosks to avoid “issues faced during demonetisation”. ‘Like demonetisation’ “This sudden cash crunch has caused a lot of inconvenience to all of us, especially the elderly. People have been waiting in front of ATMs in this scorching heat for a long time. This situation is reminding me of the demonetisation period” said 38-year-old Geeta, a resident of Pratap Nagar. While bank officials denied “shortage of cash at ATMs”, city residents in certain areas were seen searching for kiosks dispensing cash. “There are very few ATMs in Mayur Vihar and most are out of cash. I checked three ATMs before I found one that was dispensing money. However, this ATM is only dispensing ?2,000 notes. This again makes it difficult to buy household items or carry out other small transactions with street vendors,” said Mayur Vihar resident Shubham Tonk. “I landed in Delhi on Tuesday and have been hearing reports of cash crunch at ATMs since then. Though I have not faced an issue yet, I withdrew enough cash on today [on Wednesday] to avoid the panic that was created during demonetisation,” said 30-year-old Bharat Arora.

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