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Hyderabad: ATMs drying up, people feel suffocated

Hyderabad: ATMs drying up, people feel suffocated
'No Cash' boards on ATMs are back for residents in several parts of Hyderabad. The top sufferers are the people with medical emergency. The three-day holiday for banks combined with the one-day strike call by bank employees' unions have ensured that several ATMs in the city have run out of cash.

Hyderabad: Atleast 95% of the 5000 ATM machines in the city went cashless on the weekend. According to banking sector sources it was due to financial year coming to an end and currency supply being slow in March.

People with medical emergency had to bear the maximum brunt as many ATMs were shut. If bank officials are to be believed the cash crunch will continue in ATMs for another one week as most of the cash will be credited towards salaries and pensions. Apart from ATMs drying up within hours due to limited cash, many ATMs had technical issues as well.

Months after the demonetisation, the city is still struggling to get back on its feet. Times of India opined that government should take steps to ensure that ATMs across the city have adequate cash, especially on weekends when banks are closed for business.

Citizens are also demanding that RBI should immediately sort out the problems. A bank employee observed that people were probably facing difficulties because of problems with refilling off-site ATMS outside banking hours.

According to the report published in Times of India, a private employee said, ‘the cash crunch is still haunting us. I searched for cash in all ATMS in Dilsukhnagar area and even the bigger banks, ATMs were dry. It is suffocating.’