Andhra Pradesh Chief Minister N Chandrababu Naidu has requested the Centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.
For the last few days, people in different parts of AP are greeted by 'No Cash' boards at bank ATMs, reminding one of the post-demonetisation days.
Long queues are seen at a few ATMs where cash is available but only in a limited quantity.
Bank officials say the bulk withdrawal of money from savings banks accounts was resulting in the scarcity of currency notes.
"Of late, ostensibly because of the various charges being imposed, people are withdrawing money in one go, leaving us short of cash," the official said.
Thus, banks were unable to feed enough cash into the ATMs. Large crowds were seen at many bank branches with people waiting in queues to withdraw money.
"Farmers who sold their paddy are unable to get money while pensioners too are suffering. Loan disbursal to women self-help groups is also affected," he said in the letter.
"People are forced to wait for hours to withdraw money from ATMs wherever it is available. In view of this, it is requested that the RBI send Rs 5,000 crore to AP in various denominations," the chief minister said.
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