Demonetisation: Banks say no to large withdrawals in tricity | punjab$chandigarh | Hindustan Times
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Demonetisation: Banks say no to large withdrawals in tricity

punjab Updated: Nov 19, 2016 20:21 IST
HT Correspondent
Wedding

The central government has raised the withdrawal limit up to Rs 2.5 lakh for marriage in the family(HT Representative Image)

Holding a wedding card of his soon-to-be married granddaughter, Lakhmir Singh (80) of Jawaharnagar village in Dera Bassi was standing in a queue outside a State Bank of India branch in Dera Bassi for more than three hours on Friday, only to be told that there was no notification that allowed large withdrawal of cash.

The central government has raised the withdrawal limit up to Rs 2.5 lakh for marriage in the family. “Where do I go now? My granddaughter is getting married on Sunday and they told me I cannot withdraw money. How will I make payments as no one is accepting the invalidated notes,” said Lakhmir.

“We also have a marriage at home but the bank says they have no instructions to allow us to withdraw money in large amounts. How will we make payments and pending purchases? There are so many expenditures that are pending,” said Gurmeet Singh, a resident of of Jeoli village, whose son is also getting married on Sunday.

“We arranged money by asking our relatives to pitch in whatever little they could as the banks are claiming that they have no instructions to give relaxation to anyone,” said Ridhima Sharma, a resident of Sohana village, whose brother is getting married on November 25.

Queues subside in Panchkula as ATMs remain dry

Panchkula: Even as banks and post offices have been open since Tuesday, most of the ATMs (automated teller machines) remained out of cash in Panchkula even on Friday.

An out-of-cash ATM of the Central Bank of India in Sector 19 Panchkula on Friday. (Sant Arora/HT Photo)

As a result, queues subsided as people were seen returning empty-handed.

Most of the ATMs in Sectors 8, 10 and 11 were without cash throughout the day.

In Sector 11, ATMs of ICICI Bank, Bank of Baroda, Corporation Bank, Yes Bank, IndusIand Bank were not working at at 1:30 pm. The only ATM that was found operational was that of Syndicate Bank.

The situation was worse in the Sector-10 market, opposite the Sector-5 bus stand, where ATMs of IndusInd Bank, State Bank of India (SBI), Canara Bank, Axis Bank and Central Bank of India were running out of cash.

Banks use ‘stamp ink’

Most banks were seen using stamp ink instead of indelible ink to mark fingers of those who came of currency exchange. Officials told HT that indelible ink had not arrived in their branches in Panchkula and hence they had to make do with stamp ink. Few banks in Sector 11 were not any ink.

No swiping machines at petrol pump

In a bid to ease cash crunch, the government on Thursday had allowed dispensing cash of up to Rs 2,000 through debit card swipe at select petrol pumps. However, not a single petrol pump in Panchkula had the facility..