'No Cash' boards at ATMs in Hyderabad

05-03-2017 Sun 20:24

In a repetition of the notes ban times, long queues are witnessve ed in front of ATMs in Hyderabad. Though there was some respite in February, again most ATMs have put up No Cash boards. As most people withdrew large amounts in the month of February, most banks saw a severe drop in deposits. Also, there is no replenishment of cash from Reserve Bank of India (RBI). There are at four ATMs on the main road, in Srinagar colony. Three of the ATMs have put up 'No Cash' and 'Out of Service' boards. Even in the one ATM that seems to be functioning, cash flow is very slow.



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