Chandigarh: Four days after pay day, some cash trickles in, but most branches and ATMs still with no currency

When the Newsline Correspondent visited the ATMs in Sectors 7, 8, 9, 18 and 19, most ATMs did not have cash.

By: Express News Service | Chandigarh | Published: December 6, 2016 5:25 am
chandigarh, chandigarh demonetisation, demonetisation pay day, demonetisation crisis, demonetisation chandigarh, india news, chandigarh news Rush outside one of the ATMs in the city on Monday. Jasbir Malhi

On the fifth day of the month, banks and ATMs in the city were still deficient in cash. While some main branches of leading banks – the State Bank of India and Punjab National Bank – in Sector 17 were able to provide cash to customers, small branches located in the remaining sectors did not have enough notes.

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When the Newsline Correspondent visited the ATMs in Sectors 7, 8, 9, 18 and 19, most ATMs did not have cash. Aditya Krishan, a resident of Pir Mushalla said, “I had money in my wallet when I left home. However, I required more cash. I went to several ATMs in Sectors 8 and 9 but they were cashless. I had to come to the bank square to withdraw cash.”

Abha Peer, who was visiting from New Delhi, said, “I was in Chandigarh with my family. There is no cash at most of the places. I have been lucky as I saw this long queue outside an ATM in Sector 17 where I had come for shopping. I stood in the queue for 45 minutes and managed to get my Rs 2,000. Though I shop with my card, I had exhausted the cash I had in my wallet.”

Geeta, who works as a domestic help, said, “I took money from the house where I work as I do not have the time to go and stand in queues and do not know how to use digital money.”

Praveen Raghavendra, the AGM of Central Bank of India, Sector 10, said, “We are managing the present situation very well. I carried out a meeting of all traders and requested them to deposit Rs 100 currency notes to ensure there is cash flow. As the ATMs do not have sufficient cash, the load on the branches is increasing. People are queuing up to withdraw cash.”

State Bank of Patiala, GM Devendra Kumar, Sector 8 Chandigarh said, “We are on dialysis every day. The cash comes and goes. So the situation is tough but we are handling it.”

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