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Before pay day, banks, ATMs in Punjab, Har face cash crunch

Press Trust of India  |  Chandigarh 

Several branches and ATMs in Punjab, and here are going dry fast due to "insufficient" cash, even as heavy rush of people is expected in the first week of December due to disbursement of salaries and pensions.

However, banks claimed that they were geared up so that customers do not face any problem while getting


In Tarn Taran, a border district of Punjab, villagers blocked the Chabbal-Bikhiwind main road this morning after a bank's branch allegedly denied them due "shortage of notes", SHO (Bikhiwind) Rajbir Singh said.

Long queues at various branches and ATMs were a common sight throughout the day as people waited to withdraw cash, while staff at several places became victim to customers' anger when they failed to get as per their requirement.

"I wanted to make withdrawal of Rs 10,000, But the manager told me that I could get only Rs 5,000 as the does not have enough cash," Akhil Talwar, a resident of Mohali claimed.

However, officials said they were trying to accommodate all the customers with the available to ease the situation.

"We are trying to accommodate all customers... And that is why at some places, there was rationing of disbursement," a official said here, adding, "People are hoarding which is adding to the problems."

"I am standing in queue to withdraw my but I feel I am seeking loan from the bank," a senior citizen standing in a queue at branch in Chandigarh said.

While people said they need to withdraw to pay their bills and buy groceries, a official said, "We are putting our best efforts to ensure customers do not face any inconvenience.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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