As ATM machine opened across the nation two days after Prime Minister Narendra Modi announced demonetisation of old Rs 500 and Rs 1000 notes. Long queues were witnessed outside the ATMs, as people rushed to the ATM machines to get the new currency notes.
Many ATMs ran out of cash in couple of hours as there were heavy rush to withdraw lower denomination currency. Most of the machines were equipped to tender Rs 100 notes, while some were still not working.
However, it was believed that by the afternoon, several ATMs will be replenished with the new currency notes.
According to reports, many banks have not yet calibrated their ATM machines for higher denomination notes.
Delhi Police has beefed up security in banks and ATMs in view of the expected rush even as residents fumed over the idea of waiting in long queues on a working day.
Banks across Kerala continued to witness heavy rush for the second day today with people queuing up early to deposit Rs 1,000 and Rs 500 notes and to compound their problems, few cash vending machines that opened ran dry within hours.
Despite various banks assuring people that ATMs, which had remained shut for two days, would begin functioning from today, only a few of them were open in the early hours, testing the patience of harried customers.
ATMs of various banks in south Mumbai, Lalbaugh, Parel, Dadar, Andheri, Ghatkopar and Mulund were found to be out of service and not dispensing money, forcing people to return empty-handed.
Early in the morning, shutters of some ATMs of State Bank of India, Lakshmi Vilas Bank, HDFC Bank, Bank of Baroda, Yes Bank and Dena Bank in suburban Mulund in Mumbai were down, while some went dry.
People in dire need of lower denomination currency and new banknotes to pay for their daily expenses started rushing to the ATMs, which began functioning today after a break of two days, since early morning.
Depositors are complaining about the “time-consuming” procedure they have to undergo in order to exchange their cash at the banks.