The Banks are creating all sorts of issues for the customers. For everything they are charging and for one transaction customers have to spend at least half a day in the banks. Customers are running away from SBI for the new fines and rules that they are imposing.
Now there is no cash in most of the ATMs. Hyderabad is the worst hit with no cash in the ATMs. Cash availability at ATMs across the country has come down again following a brief improvement in January even five months after demonetisation, shows a survey.
The ATM outage level, which had improved in January and February, is showing lot of issues in April. In a survey conducted by citizen engagement platform LocalCircles, 43 per cent citizens said they could not find cash in ATMs in April . This number has worsened from the 36 per cent who had faced problems in finding a cash dispensing ATM .
Citizens from across India participated in this poll sharing ATM experiences in their areas. The survey further said RBI’s move to lift withdrawal limits on March 13 could be a reason as people have been withdrawing cash in bulk from counters and banks have been forced to maintain high liquidity.
This has led to maintenance of ATMs and frequent cash replenishment taking a back seat. Moreover, people have been withdrawing large amounts from ATMs as some banks levy a transaction fee after four such withdrawals.
Some field checks with bank officials also indicated slower cash supply from the printing press to currency chests and onwards to banks. Meanwhile, a citizen pulse check conducted by LocalCircles noted that out of 11 cities across India, Hyderabad was worst hit with ATM outages, followed by Pune.
Around 83 per cent in Hyderabad and 69 per cent in Pune said they were unable to find cash-dispensing ATMs . Delhi recorded the highest availability of cash- dispensing ATMs, with only 11 per cent unable to find money in ATMs during the mentioned days, it added.
Modi said that the banking will be made easy, but now it has become very difficult for the common man.
