collected by :Mathio Rix
NEW DELHI: Currency supply to ATMs & offshoots has got better however cash crunch continue persists in the system which would be normalised soon, bank officials told on Friday.The officials told which banks are saving a lock vigil on money supply to ATMs on every day foundation to ensure which customers don't face any problem.Currency shortage, however, continue persists in the system, a banker told on the condition of anonymity. "With allowance of free-of-charge withdrawals from our PoS terminals across the country, the bank has given an extra option to customers to withdraw money. We wish the short supply of currency at ATMs going to be normalised soon," an formal of the State Bank of India said.In poll-bound Karnataka, a Canara Bank formal told the situation has got better in the state in the final two-three days. "We are best than any other bank (in cash dispensation from ATMs), our position has been perfect in the final 2-3 days & there has been a extremely perfect improvement. "It isn't a uniform cash crunch problem.
NEW DELHI: Currency supply to ATMs & offshoots has got better however cash crunch continue persists in the system which would be normalised soon, bank officials told on Friday.The officials told which banks are saving a lock vigil on money supply to ATMs on every day foundation to ensure which customers don't face any problem.Currency shortage, however, continue persists in the system, a banker told on the condition of anonymity. "With allowance of free-of-charge withdrawals from our PoS terminals across the country, the bank has given an extra option to customers to withdraw money. We wish the short supply of currency at ATMs going to be normalised soon," an formal of the State Bank of India said.In poll-bound Karnataka, a Canara Bank formal told the situation has got better in the state in the final two-three days. "We are best than any other bank (in cash dispensation from ATMs), our position has been perfect in the final 2-3 days & there has been a extremely perfect improvement. "It isn't a uniform cash crunch problem.
Currency crunch: April Information Systems the cruellest cash month
This points towards a possible trend of promoted money request in April every year. One possible reason for the promote in currency request could be because of several financial year payouts with companies to their employees & vendors every April. This could be another reason for a surge in cash request in April. Another hypothesis Information Systems which the upcoming elections in Karnataka are contributing to the promoted currency request in the southern states. This could be another possible component adding to the amazing height in cash request recently.