Bank holiday on Gurupurab leaves ATMs dry, people cashless

A man stares at a closed SBI ATM on Monday morning in Delhi. In a surprise move, Prime Minister Narendra Modi announced on November 8 that existing 1,000 and 500 rupee were being abolished as legal tender from November 9 in a move to tackle black money. (Arun Sharma/HT Photo)

Updated on: Nov 14, 2016 3:25 PM IST

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A man stares at a closed SBI ATM on Monday morning in Delhi. In a surprise move, Prime Minister Narendra Modi announced on November 8 that existing 1,000 and 500 rupee were being abolished as legal tender from November 9 in a move to tackle black money. (Arun Sharma/HT Photo)

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The finance ministry revised the cap on bank withdrawals on Sunday while advising similar changes to ATM withdrawals less than a week after the government’s demonetisation of 1000 and 500 rupee notes left people in a tight spot. (Ravi Choudhary/HT Photo)

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A closed Oriental bank ATM in Mumbai. (Pratik Chorge/ HT Photo)

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As per the RBI’s directive, the weekly withdrawal limit from banks has been increased to Rs 24,000 from Rs 20,000, while the daily limit of Rs 10,000 has been scrapped. (Arun Sharma/HT Photo)

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The ministry also advised banks to increase cash withdrawal limits in ATMs to Rs 2,500 per day in recalibrated ATMs. People were able to withdraw only upto Rs 2,000 so far. (Arun Sharma/HT Photo)

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As for exchange of demonetised banknotes, the ministry advised increasing the limit from Rs 4,000 to Rs 4,500. (Pardeep Pandit/HT Photo)

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The move comes amid growing anger among citizens who, for the past week, have been stuck waiting for hours in long lines outside banks and ATMs. (Arun Sharma/HT Photo)

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However, the sudden change left citizens scrambling to exchange their money for lower denominations and the newly introduced Rs 2,000 note. (Ashok Nath Dey /HT Photo)

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Within the first four days of the new measures, about Rs 3 lakh crores of demonetised bank notes were deposited across the country. Till November 11, about Rs 50,000 crore has been dispensed through withdrawals and exchanges. (Arun Sharma/HT Photo)