No cash crunch; ATMs unable to meet requirement due to unavailability of high denomination notes

 ES Reporter 

ITANAGAR, Jan 7: Over the past few weeks, citizens of the capital complex are perplexed over unavailability of cash in most of the ATMs which has given rise to speculation of an ongoing cash crunch. However, an official of the Regional Office, State Bank of India today put all speculation to rest assuring that there is no shortage of cash but the inconvenience is due to unavailability of high denomination notes. 

Clearing all doubts on reports of cash crunch as well as closing of maximum ATM booths in the capital region, the official who didn’t want to be named informed this daily that there is no cash crisis in the state and that cash is readily available. 

‘There is no cash crisis but the inconvenience being faced by the public is due to unavailability of high denomination notes like Rs 2000 and Rs 500. However newly introduced Rs 200 is equally available in all the branches,’ stated the officer while adding that the situation is the same in most places.

‘Due to absence of high denomination notes,  we are not being able to  deposit maximum cash in a single ATM as earlier and this is another reason why  all the ATMs get drained out in a short time,’ he reasoned. 

When asked about the several ATM booths which have downed their shutters in the capital region, he informed that due to recent vandalism of ATMs in various areas, the SBI had to close them down for security reason and restoration purposes. 

He further informed that, besides restoration, recalibration for new rupees 200 notes is going on in all the ATMs. 

‘As of now 32 ATMs have been recalibrated as well as restored out of the 72 ATMs in the capital complex. The restoration and recalibration may take time as there is technical issue involved. However cash is available in the capital complex,’ he assured. 

When asked about average loss to the bank due to vandalism of ATMs, he said it could be near about rupees 60-70 lakhs.

 

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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