Availability of cash in ATMs worsens in few cities: Survey

Posted By: IANS
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New Delhi, April 13: It has been five months since demonetisation, and citizens by now had surely expected cash crunch and the situation of dry ATM machines to end. Unfortunately, it is not the case in some parts of the country, a survey shows.

"The availability of cash at ATMs has worsened in the last two months or so in many parts of the country. Eighty-three per cent citizens who visited ATMs last week in Hyderabad, could not find the cash. It was 69 per cent in Pune," according to a survey conducted by the LocalCircles citizen engagement platform.

Over 10,000 citizens from across India participated in the survey.

In the survey, 36 per cent of the respondents said that they could not find cash in ATMs between April 5 and April 8. This number is a sharp increase from the 22 per cent who had faced problems in finding a cash dispensing ATM a month back, between February 14 and February 16.

People said that they have been withdrawing large amounts from the ATMs as some banks are levying a transaction fee after every four withdrawals. This is perhaps leading to the ATMs quickly running out of cash.

LocalCircles conducted a citizen pulse check in 11 cities across India and found that Hyderabad was worst hit by ATM outages followed by Pune. Eighty-three per cent citizens in Hyderabad and 69 per cent in Pune said that they were unable to get cash from ATMs between April 5 and April 8.

Delhi recorded the highest amount of ATMs dispensing cash, with only 11 per cent citizens unable to find money in the ATMs during the period.

IANS

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