Demonetisation: Most ATMs in UP go dry, people in lurch

The situation is bad in smaller towns and villages where the cash shortage is akin to November when all ATMs went dry for several weeks after the demonetisation.

Lucknow, April 28: Demonetisation blues seems to have returned to haunt the people in Uttar Pradesh and in neighbouring Uttarakhand as most ATMs and Banks are facing a shortage of cash, six months after the old currency notes of Rs 1,000 and 500 were demonetised in the country.

According to officials, they are managing with only 70 per cent of currency supply. Except some big cities, cash scarcity in the state has hit a worrying proportion, as many of the ATMs have hung 'No Cash' or 'Under repair' boards. The situation in small cities and villages have gone dry since a few days.

Banks in Kanpur alone need currency flow of about Rs 400 crore every day, but they have been receiving only Rs 250-300 crore for the last one week. The currency supply of Rs 15 crore needed in rural banks has also dropped to Rs 10 crore.

The Kanpur branch of the Reserve Bank of India provides cash to the banks and the 250 currency chests across Uttar Pradesh.

Stating that the problem of crash crunch would be over within the next few weeks, officials said that they are in touch with the higher authorities and the problem will be solved in few days.

OneIndia News