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Queues outside banks, ATMs on pay day in Gujarat

Press Trust of India  |  Ahmedabad 

With today being pay day for majority of salaried employees and pensioners, a large number of people queued up outside banks and ATMs since early morning at many places in to withdraw cash.

The banks, meanwhile, regulated supply of to their customers to tide over the currency crisis.



Several banks restricted withdrawal due to paucity of funds, while a number of ATMs remained inoperative.

Long queues were seen outside most banks and a limited number of ATMs which were dispensing cash, as people lined up in large numbers to withdraw money from their salary accounts for day-to-day expenditure.

Many customers were disappointed as banks regulated availability and many of them could not withdraw more than Rs 10,000, despite the Centre increasing the withdrawal limit to Rs 24,000 per week.

Several banks informed their customers that they cannot withdraw more than Rs 10,000, in order to meet the demands of maximum people due to limited availability.

Some banks also turned away people, saying they had exhausted the and were yet to receive more of it.

Some pensioners complained about long queues and lamented that banks had made no arrangements for senior citizens to withdraw money easily.

"I have come here since 6 AM to withdraw from my salary account as I need money for daily needs," said Pradip Jain, standing in queue at a nationalised bank branch here.

"While government has fixed Rs 24,000 limit for withdrawal, the bank manager told us we cannot withdraw more than Rs 10,000 due to limited availability," he said.

Rajesh Bhavsar, who stood in a queue outside a leading private bank branch in the city, faced similar predicament, after the bank limited withdrawal to Rs 10,000 per person due to limited availability.

"I received Rs 18,000 salary today, but I cannot withdraw it because the bank has set withdrawal limit of Rs 10,000. I need more money for daily expenditure, and request the government to ensure availability," Bhavsar said.

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

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Queues outside banks, ATMs on pay day in Gujarat

With today being pay day for majority of salaried employees and pensioners, a large number of people queued up outside banks and ATMs since early morning at many places in Gujarat to withdraw cash. The banks, meanwhile, regulated supply of cash to their customers to tide over the currency crisis. Several banks restricted cash withdrawal due to paucity of funds, while a number of ATMs remained inoperative. Long queues were seen outside most banks and a limited number of ATMs which were dispensing cash, as people lined up in large numbers to withdraw money from their salary accounts for day-to-day expenditure. Many customers were disappointed as banks regulated cash availability and many of them could not withdraw more than Rs 10,000, despite the Centre increasing the withdrawal limit to Rs 24,000 per week. Several banks informed their customers that they cannot withdraw more than Rs 10,000, in order to meet the demands of maximum people due to limited cash availability. Some ... With today being pay day for majority of salaried employees and pensioners, a large number of people queued up outside banks and ATMs since early morning at many places in to withdraw cash.

The banks, meanwhile, regulated supply of to their customers to tide over the currency crisis.

Several banks restricted withdrawal due to paucity of funds, while a number of ATMs remained inoperative.

Long queues were seen outside most banks and a limited number of ATMs which were dispensing cash, as people lined up in large numbers to withdraw money from their salary accounts for day-to-day expenditure.

Many customers were disappointed as banks regulated availability and many of them could not withdraw more than Rs 10,000, despite the Centre increasing the withdrawal limit to Rs 24,000 per week.

Several banks informed their customers that they cannot withdraw more than Rs 10,000, in order to meet the demands of maximum people due to limited availability.

Some banks also turned away people, saying they had exhausted the and were yet to receive more of it.

Some pensioners complained about long queues and lamented that banks had made no arrangements for senior citizens to withdraw money easily.

"I have come here since 6 AM to withdraw from my salary account as I need money for daily needs," said Pradip Jain, standing in queue at a nationalised bank branch here.

"While government has fixed Rs 24,000 limit for withdrawal, the bank manager told us we cannot withdraw more than Rs 10,000 due to limited availability," he said.

Rajesh Bhavsar, who stood in a queue outside a leading private bank branch in the city, faced similar predicament, after the bank limited withdrawal to Rs 10,000 per person due to limited availability.

"I received Rs 18,000 salary today, but I cannot withdraw it because the bank has set withdrawal limit of Rs 10,000. I need more money for daily expenditure, and request the government to ensure availability," Bhavsar said.

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

image
Business Standard
177 22

Queues outside banks, ATMs on pay day in Gujarat

With today being pay day for majority of salaried employees and pensioners, a large number of people queued up outside banks and ATMs since early morning at many places in to withdraw cash.

The banks, meanwhile, regulated supply of to their customers to tide over the currency crisis.

Several banks restricted withdrawal due to paucity of funds, while a number of ATMs remained inoperative.

Long queues were seen outside most banks and a limited number of ATMs which were dispensing cash, as people lined up in large numbers to withdraw money from their salary accounts for day-to-day expenditure.

Many customers were disappointed as banks regulated availability and many of them could not withdraw more than Rs 10,000, despite the Centre increasing the withdrawal limit to Rs 24,000 per week.

Several banks informed their customers that they cannot withdraw more than Rs 10,000, in order to meet the demands of maximum people due to limited availability.

Some banks also turned away people, saying they had exhausted the and were yet to receive more of it.

Some pensioners complained about long queues and lamented that banks had made no arrangements for senior citizens to withdraw money easily.

"I have come here since 6 AM to withdraw from my salary account as I need money for daily needs," said Pradip Jain, standing in queue at a nationalised bank branch here.

"While government has fixed Rs 24,000 limit for withdrawal, the bank manager told us we cannot withdraw more than Rs 10,000 due to limited availability," he said.

Rajesh Bhavsar, who stood in a queue outside a leading private bank branch in the city, faced similar predicament, after the bank limited withdrawal to Rs 10,000 per person due to limited availability.

"I received Rs 18,000 salary today, but I cannot withdraw it because the bank has set withdrawal limit of Rs 10,000. I need more money for daily expenditure, and request the government to ensure availability," Bhavsar said.

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

image
Business Standard
177 22

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