Increased demand for cash due to salary, still crowd on Banks and ATMs....
Increased demand for cash due to salary, still crowd on Banks and ATMs...
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-Although the abbreviation of ATM is 'Automated Teller Machine', It's quite popular as 'Any Time Money' because public can withdraw money from them round the clock. If the latest buzz is any indication, This is going to change soon and ATMs may remain shut for close to 7 hours per day.
In the coming days, There is a possibility of stopping the practice of keeping ATMs open for 24 hours. They might be closed down at 11 PM and reopened at 6 AM. Security Reasons and Cutting down maintenance cost are the major reasons cited for such a possibility.
Recently, Police Officials held a meeting with Bankers in Cyberabad. A decision has been reached that ATMs at locations where the demand is low should be closed. In the outskirts of Hyd, ATMs had been misused by the cyber criminals. To prevent any such practices, Cops and Bankers were considering delinking or shutting down ATMs from 11 PM to 6 AM. This rule might be applied for ATMs in which less than 5 transactions happen on an average at night.
If the rule is implemented, The hardships faced by public since demonetisation would only increase. No cash boards have been placed at many of the ATMs for days already.
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38th days of Demonetization, Huge crowd outside Banks and ATMs for cash across the country...
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Congress leader PL Punia on no money in Banks and ATMs on salary Day...
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Finance Minister of Kerala, Thomas Isaac on no money in Banks and ATMs on salary Day...
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Finance Minister for state, Santosh Gangwar on no money in Banks and ATMs on salary Day...
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Finance Minister for state, Arjun Meghwal on no money in Banks and ATMs on salary Day...
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Banks Remain Open Today Customers Waiting In Long Queues At Banks and ATMs iNews
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Banks and ATMs on Wednesday continued to be crowded with long queues even after 36 days of the ban on high denomination notes...
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Queues disappear on Banks and ATMs in Raipur, 51th day of Demonetization...
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Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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