ATMs go dry soon after opening; queues continue at banks

Most of the machines were equipped to tender Rs 100 notes, while some were still not working.

By: PTI | New Delhi | Updated: November 11, 2016 8:07 pm
ATM, new notes, new money, new 500 notes, 2000 notes, new cash, atm withdrawal limit, withdrawal limit, atm open today, atm, 500 rs note, atm near me A large queue of people wait outside a bank to exchange Indian currency in the denominations of 1000 and 500 that have been declared to be of no value, in New Delhi, Friday, November 11, 2016. (Source: AP Photo)

Long queues were witnessed at banks and ATMs, which opened after two days, as people rushed to get new banknotes in lieu of their old defunct bills. Many ATMs ran out of cash in couple of hours as there were heavy rush to withdraw lower denomination currency. Most of the machines were equipped to tender Rs 100 notes, while some were still not working. Banks are saying that they are trying to recalibrate their machine for higher denomination notes, it will take some days before they start tendering new high security Rs 500 and 2000 notes which is expected to ease pressure.

Read: Here are the security features on new Rs 500, Rs 2,000 notes

However, to ensure customer convenience, banks have been asked to provide all cash withdrawal transactions at their ATMs free of cost till 30 December. Banks across country are witnessing heavy rush on the second day as people gathered to get new banknotes in exchange of old bills. After the government scrapped Rs 500 and Rs 1,000 notes, banks were shut on Wednesday, and ATMs were supposed to be out of service for re calibration on Wednesday and Thursday.

Read: You will need this form to give back your old Rs 500, Rs 1000 notes

In the financial capital of the country, shutters of ATMs of State Bank of India, HDFC Bank, Bank of Baroda, Yes Bank, Dena Bank were down in many parts. ATMs of many banks reported running dry. From Friday onwards, customers are allowed to withdraw up to Rs 2,000 per day from ATMs till November 18. The withdrawal limit will be raised to Rs 4,000 per day per card from November 19, 2016.

In the two days when the ATMs were out of service, the banks said they will re-configure their ATMs to dispense Rs 100 and Rs 50 notes.

In Madhya Pradesh, the situation was no different. “We are in the process of offloading and again loading ATMs with cash and the situation will start normalising by evening,” State Level Bankers Committee Convener and Central Bank of India’s field general manager Ajay Vyas told PTI. “It is a long process and takes time. But I am getting reports every half-an-hour that ATMs are being loaded and are dispensing money,” he said, adding “things would start normalising by evening.”

The ATMs are dispensing only Rs 100 notes at present, he said. However, cash-strapped customers had a harrowing experience withdrawing money.
K P Saxena, a city resident, said, “We stood in queue for almost an hour to replace the banned currency with new notes. The process is taking lot of time and new currency is not being provided.”

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  1. M
    Nov 11, 2016 at 1:53 pm
    A big mess created by this govt..someone suggested it..and brainless govt implemented it.
    1. M
      Nov 11, 2016 at 7:08 am
      Stay off the coolaid... In a country where the citizen has zero control, we have surrendered even more... The only thing certain used to be cash in hand... Having hard cash isn't same as black money... You can have money in bank, in property, in investment earned through illegal means... By painting people who have cash reserves as criminals the pm has shown how obsolete his understanding about black money is... Why not stop issue of new 500-1000 notes before making them invalid... As early as last week I could withdraw money in 500-1000... Poor are suffering, your consumption habits have changed... You now avoid small shops and vendors for supermarket with card payments... Non acceptance of a legal tender is just an awful idea and a dangerous precedent...
    2. H
      Nov 11, 2016 at 6:16 pm
      Some one will have to give the sacrifice...By the way everyday some one is getting bullets for bullets on border's...But what sacrifice does a common Indian will have to for money...few days pain.. to check Terror finance....Just go for it
      1. J
        Nov 11, 2016 at 8:12 am
        "Achhe din"for rural and poor people of country "surgical strikes " Sab ka saath sab ka vikaas! 'Jai hind'
        1. M
          Nov 11, 2016 at 5:03 pm
          Till now (11 Nov 2016, 10:30pm, night), Not a single ATM of SBI opened at;br/gt;None of the branch at SBI has New currency;br/gt;SBI officials misguiding people by saying RBI asked them to keep ATMs;br/gt;I think SBI forgot that they have Branches, ATMs and customers at;br/gt;So, please remind SBI that New currency notes should also be sent to Gangtok and they can open their ATMs.
          1. A
            Nov 11, 2016 at 11:34 pm
            HOPE the arrogance of the b@@Stard chaddis is punished to the core in all upcoming state elections ....
            1. A
              Anupam Dutta
              Nov 12, 2016 at 9:56 am
              Why was new currency not introduced or not plan with sufficient quany all over india before taking the ban decision? Why was ATM not set in last 2-3 days to disburse new currency? What was RBI doing? Are they just seating seeing the harment of common people? When nothing was planned how dare the PM bans old currency? Doesn't he know this is going make lot problem for common man not just for 1-2 days but quite few days? Does he have any idea how people are going to survive? Who is to be blamed if any people having any sickness dies because of unavailability of medicine or food? Even if PM has said medicine shops and hospitals to accept old 500 or 1000 rs note they are not accepting that. PM needs to accept this responsibilities, if any thing happens to any common man because of his ban, he will be responsible for that as well.......I see body has written here like some one has to sacrifice...I want to ask do you know what is sacrifice? If some one goes through hard ship because of the ban that is not a sacrifice by any means........because in the long run this is hardly going to make any impact unless the evils are not eradicated from the root. So in reality this suffering for any common man is not going to justify any sacrifice as such, it is just an harment which can cost dearly in few cases.......
              1. A
                ashok s
                Nov 11, 2016 at 11:08 am
                Can modiji do about ransoms in Mira road . a bldg in Mira road ostwal the residents are har to pay 10k to 15 k extortion money to a gang of of uday kantak, Jayant, nissar, sondhe, khan. We are bleeding by buying houses in such complexes. God save us.
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