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Pay day today: Banks fear big rush at branches, many ATMs still dry

Bankers fear heavy rush at the branches for a week as many ATMs are still not functional.

Agencies  |  New Delhi 

With Thursday being the pay day, banks are gearing up to face a huge rush as people will queue up at branches across the country to withdraw salaries amid the ongoing cash crunch following demonetisation. Making matters worse, a large number of ATMs are still dry even 23 days after the government scrapped 500 and 1000 rupee notes earlier this month to crack down on black money. Top government officials say special efforts are being made to pump in additional cash into banks to meet the heavy demand for currency notes on account of salary withdrawal. The Reserve Bank has been asked ...

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