Cash crunch comes as a breather for Amritsar banks
Unlike Thursday, Friday (second payday) turned out to be a comparatively lean day for bankers as banks did not witness a heavy footfall for withdrawal of salaries.punjab Updated: Dec 03, 2016 15:39 IST
Unlike Thursday, Friday (second payday) turned out to be a comparatively lean day for bankers as banks did not witness a heavy footfall for withdrawal of salaries.
Surprisingly, staff of the Allahabad Bank’s Ranjit Avenue branch shared, “Our branch has sufficient cash to cater to customers but the footfall is very less. The reason could be that people are drained due to inconvenience they have faced till now.”
However, senior manager Gauri Shankar Gupta and special assistant Vimal Sharma said, “At this hour, the best thing to do is understand people’s plight and do what best one can do. But the problem is that there is scarcity of low denomination notes and `500 new notes which may take time to reach banks and thus till then, whatever we can manage with `2,000 notes, we are doing that.”
Notably, in branches of Punjab National Bank (PNB) and Andhra Bank, sign boards informing ‘No cash available’ were put up at the entry gates.
One of the bankers from PNB, on the condition of anonymity said, “On Thursday, we had cash to cater to pensioners and salaried people but on Friday, we are out of cash in the afternoon itself.”
“It is the second day where I have struggled to withdraw my own salary to run my house. Being a working woman, I do not have the time to stand in long queues at the bank counters. The banks should at least fill the ATMs. Our life has become miserable without cash as cards cannot be used everywhere. If the Centre was not ready, why did they take the step?” said a resident Jasmine Arora.
Meanwhile, bankers confirmed that ATMs cannot function till the time they are not set and designed to take out new currency Rs 2,000 and Rs 500. But this would soon be implemented as ATM machines are already undergoing this designing, a bank employee said.
SBP offers coffee, biscuits to customers
Patti: A day after people staged a dharna outside the branch of State Bank of Patiala, employees of the branch on Friday started offering coffee and biscuits to the people queued there to reduce their harassment.
Branch manager JPS Chauhan said, “Realising the problems the people are facing, the scheme ‘Coffee with State Bank of Patiala’ has been launched under which the people have been provided the refreshment.”
He further said they are also taking care of the elderly persons, women and disabled persons who visit the branch for transactions.