Cash crunch: The ATMs are either not working or are out of cash.

New Delhi:  In many states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana, the ATMs are either not working or are out of cash. People all across India including Delhi are tweeting about it. The reports of cash crunch at ATMs have brought back memories of November 2016, when Prime Minister Narendra Modi, in a midnight announcement said old notes of Rs 500 and Rs 2000 will be scrapped.

Reports suggest officials of the finance ministry have held a meeting with the Reserve Bank of India (RBI) last Thursday, to take stock of the situation. Sources have told TheIndianSubcontinent that RBI has directed banks with surplus cash to help other banks facing a shortage of funds. There is a mismatch of demand and supply of cash, say sources.

Many ATMs in Patna are also out of service.

In Gujarat's Vadodara, people complained about the inconvenience due to lack of currency in ATMs.

The situation is same in Delhi. Most of the ATMs are not dispensing cash, the ones which are dispensing, have only Rs 500 notes.

The situation is same in Madhya Pradesh. People in Bhopal are also facing the same difficulty since past 15 days and are unable to withdraw cash.

In Varanasi people said they don't know what and where the problem is but the common man is facing a lot of difficulty because of the money not being alleviate in ATMs. Some have been infact visiting ATMs since morning as they need to pay the admission fees of children and purchase groceries and vegetables.

In Hyderabad people said, they have been unable to withdraw cash from ATMs. The have been trying since yesterday and the situation is same every where.

  • There are reports of non- availability of cash at ATMs in several states
  • In Hyderabad, Varanasi and Bhopal people say no cash at ATMs
  • Reports of cash crunch at ATMs have brought back memories of November 2016, when Prime Minister Narendra Modi, in a midnight announcement said old notes will be scrapped.