In what is giving people on Twitter demonetisation flashbacks to November 2016, some ATMs across the country are running out of cash. People in states like Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana have reported that ATMs are either not working or have run out of cash. News agency ANI quoted people from Hyderabad as saying they had been unable to withdraw cash since yesterday. Similar reports came from Delhi and Varanasi. In Bhopal, reports ANI, many have been unable to withdraw money for 15 days.
The cash crunch in India has created anger as well as panic on Twitter, where many have shared their discontent. The hashtag "CashCrunch" also began trending soon.
Many compared the situation to the time of demonetization in November 2016, which saw much of the nation queued up at ATMs for days
Other expressed their anger
The centre says the "problem" will be resolved in three days. Finance Minister Arun Jaitley said in a tweet that there is "more than adequate currency in circulation and also available with the Banks." He said that the "temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly."
Sources have told NDTV that the RBI has directed banks with surplus cash to help banks with a shortage of funds. Sources say there is a mismatch of supply and demand of cash, and transactions at ATMs have also gone up from Rs 3,000 earlier to Rs 5,000 now.
The cash crunch in India has created anger as well as panic on Twitter, where many have shared their discontent. The hashtag "CashCrunch" also began trending soon.
Other expressed their anger
The centre says the "problem" will be resolved in three days. Finance Minister Arun Jaitley said in a tweet that there is "more than adequate currency in circulation and also available with the Banks." He said that the "temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly."
Sources have told NDTV that the RBI has directed banks with surplus cash to help banks with a shortage of funds. Sources say there is a mismatch of supply and demand of cash, and transactions at ATMs have also gone up from Rs 3,000 earlier to Rs 5,000 now.
Advertisement
COMMENTS
Advertisement
"Robinhood": Army Veteran Arrested For Duping People By Swapping ATM Card In Delhi All About The New ATM Fraud And How It Traps Cards Over 1,000 Crypto ATM Machines Now Active in Australia: Report Who Is Jasveen Sangha, "Ketamine Queen" Charged For Matthew Perry's Death "Don't Expect Anything From Me": Kolkata Hospital's New Principal Loses Cool Nurse Raped, Killed On Way Home, Body Found 9 Days Later In UP What Is The Dinosaur-Killing Asteroid's Origin? Scientists Have An Answer AP ICET Counselling 2024 Revised Schedule Out, Check Details Manipuri Girl's 'Jana Gana Mana' Rendition Goes Viral, Wins Praise Online Track Latest News Live on NDTV.com and get news updates from India and around the world.