ATMs run out of cash, people throng banks for cash

Though the government had announced that the ATMs would dispense cash for the customers with maximum limit of Rs 2,000 per person from Friday, most the ATMs of both public and private sector banks ran out of cash and were inactive.

By: PTI | Chennai | Published:November 11, 2016 7:09 pm

For the second day, people in large numbers continued to throng banks to exchange banned high denomination currency notes while most ATMs ran out of cash within hours of opening on Friday across Tamil Nadu. Though the government had announced that the ATMs would dispense cash for the customers with maximum limit of Rs 2,000 per person from Friday, most the ATMs of both public and private sector banks ran out of cash and were inactive.

Several ATMs in remote areas did not function. Private sector ICICI Bank and HDFC Bank have announced extended working hours up to 8 pm to dispense cash for the customers. “I was told there was enough cash in ATMs and there will not be any problem in dispensing the cash. But, when I came here, we were asked to leave as ATMs ran out of cash”, Kumar, a customer of State Bank of India, said. With ATMs remaining non-functional, serpentine queues could be seen in the banks for exchanging the Rs 500 and Rs 1000 notes.