Demonetisation: Weekend rush add to woes; ATMs run dry on cash

Posted November 13, 2016

Industrial hubs in Punjab and Haryana bore the brunt as industry representatives complained their business transactions were badly hit owing to less circulation of new money.

Angry customers waiting outside a branch of the State Bank of Travancore at Vavvakkam in Kollam district allegedly broke a glass door after it made a decision to down shutters due to heavy rush when around 200 persons were inside the premises.

Several people complained that most of the ATMs were not functioning properly in South Mumbai including, in areas of Lalbaugh, Worli, Kurla, Mahim, Parel and Dadar. "Now, they are running pillar to post to get them exchanged", he said. The facility for exchanging the withdrawn denominations of Rs 500 and Rs 1,000 is available for almost 50 days.

Unni, a Kerala State Electricity Board employee, was filling the necessary forms to deposit the amount in the State Bank of Travancore's branch, located in the first floor, when the mishap occurred, they said quoting preliminary information. Though there was a huge crowd at most SBI and SBT ATM counters, the ones operated by other banks, mostly private, saw fewer crowd.

PM to inaugurate Gwadar port today
The quality of underground water is also being improved and the existing 50-bed hospital is being upgraded to 300-bed facility. A new worldwide airport will be constructed which will ease the traveling of investors and expedite the business activity.

The discomfort faced by the people is going to extend for over a month owing to these problems. "People lined up for hours, while I got cash with this mobile ATM as it came to my doorsteps".

Even the bank employees are facing tough time dealing with customers in view of people rushing to the banks to exchange their old money.

A glass door of a bank in Kerala was broken and clashes with bank officials erupted in Gujarat sparking police action as the weekend rush added to the chaos over demonetisation across the country for the third day today with serpentine queues outside bank branches growing longer.