Unable to get cash, villagers block traffic in Uttar Pradesh

Reportedly the banks at Mandi Shyam Nagar in Dankaur displayed a 'no cash' notice and when the villagers reached there they were left agitated.

By: PTI | Greater Noida | Updated: December 1, 2016 1:47 pm
A notice is displayed on the gate of an automated teller machine (ATM) counter which is no longer dispensing cash in Chandigarh, India, November 21, 2016. (Source: Reuters) A notice is displayed on the gate of an automated teller machine (ATM) counter which is no longer dispensing cash. (Source: Reuters)

Upset over the lack of money at banks even after 22 days of demonetisation, villagers at Bilaspur Thursday blocked the Noida-Sikandrabad road, affecting traffic for more than an hour. Reportedly the banks at Mandi Shyam Nagar in Dankaur displayed a ‘no cash’ notice and when the villagers reached there they were left agitated.

Locals said the villagers then closed the banks’ gates from outside and held protest even as some of them blocked traffic on the Noida-Sikandrabad road. For one and half hour traffic was affected. Senior police officers reached site and pacified the villagers after which the blockade was lifted.

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“For the last three days I have been visiting the bank to withdraw Rs 2,000 but am unable to get the money. Banks claim they are not getting cash. The ATMs too are without cash,” said one of the villagers, Dharam Bhati.

Another villager, Raje, alleged, “Bank officials give money to their known persons out of turn while the common man after standing in queue for hours was told there was no cash and was sent back.”

At Udyog Bandhu meeting held today at DM camp office in Noida, some industrialists raised the problems emerging due to demonetisation before the district magistrate N P Singh.

“Small industries’ production was affected. Though the government has allowed withdrawal of Rs 50,000 from current accounts but bank officials are refusing such withdrawals, saying there was no cash at banks,” they claimed.

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  1. A
    abyy
    Dec 1, 2016 at 8:16 am
    People money deposit in bank is only for wright off the corporate house NPA loan like Modi ji did for Mallya. Also there is no demand in market for 6-12 month then who will take loan. The bank already decreased interest rate in FD and also ready to hike home loan as RBI not give interest on money deposit after 9 Nov.
    Reply
    1. B
      B M
      Dec 1, 2016 at 9:57 am
      already about 90 people have died
      Reply
      1. D
        Darkhorse
        Dec 1, 2016 at 11:35 am
        Now according to Modi Bhakts these all people who are opposing have black money
        Reply
        1. D
          dhruv
          Dec 1, 2016 at 9:16 am
          you have to sacrifice for the country. no body is dying of hunger. so dont exaggerate and create panic .
          Reply
          1. S
            Sreenivasan
            Dec 1, 2016 at 7:04 am
            Smsha should know that already our public sector banks have declared Rs.80000 crores NPA for the current year. Last year it was Rs.1.5 lakhs. The more money banks will have for funding the requirements of businessmen, the businessmen will loot the banks (they put only 20 percent of their money in any major business, rest all are public funds) and remove their 20 percent even before the particular business takes off. The lower interest on investments, the poor elderly people living on their interests on deposits will suffer.
            Reply
            1. S
              Sreenivasan
              Dec 1, 2016 at 6:53 am
              Why such non patriotic behavior ? We have to be first Modi Bhakts, then human beings. People should only obey what the government ask them to do.
              Reply
              1. S
                Samir Shah
                Dec 1, 2016 at 6:07 am
                The various Modi initiatives will allow bank lending rates to be lowered significantly, increase the base of tax payers and lower or near-eliminate income tax for most (85%) of the potion. India will move much faster from the current $2 trillion to a $3 trillion economy than previously projected. The poor will indeed gain from increased economic activity and number of available jobs.
                Reply
                1. M
                  Misbah
                  Dec 1, 2016 at 7:46 am
                  Be patient country is under "Modification"
                  Reply
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