Demonetisation: Queues shorten but several banks and ATMs run dry in Mumbai
Almost a week after the Modi government’s demonetisation decision, people continue to face hardship as many banks and ATMs ran out of cash.mumbai Updated: Nov 16, 2016 13:48 IST
Almost a week after the Modi government’s demonetisation decision, people continued to face hardship as most banks and ATMs ran out of cash in Mumbai on Wednesday.
Although the queues have shortened, but banks and ATMs, besides glitches, are still going dry, said Rahul Mahyavanshi, a public relations employee.
“Many people have withdrawn their amount so the lines are bound to get thinner. But I don’t understand how banks are still running out of cash,” he said while waiting outside a Borivli bank.
The demonetisation decision on November 8 took people by a swirl and sent panic waves across the country making them run to their neighbourhood bank branches.
“The government should have waited for a week to send ample money to all the banks before announcing the scrapping of Rs500 and Rs1,000 notes,” said Mitul Shah, a tutor, adding, “The decision and execution did not match properly.”
Some people stood under a shade to beat the heat while some banks provided the cover for customers.
“We can stand in queues to worship gods, for free sim cards or mobile phones, or for concerts. Then why not to exchange, deposit or withdraw money?” asked Krishna Sutaria, an MBA student. “People sometimes can become unreasonable. They need to adapt themselves,” she added.
First Published: Nov 16, 2016 13:31 IST