Comments
Less than 10 per cent of the ATMs are being replenished every day according to a survey conducted by citizen engagement platform LocalCircles.
The report notes that “banks are disbursing cash through the account withdrawal route leaving ATMs dry… Industry checks suggest that daily cash supply through the ATM network is one-fourth of what it was pre-demonetisation.” The survey saw participation from 7,500 recipients over 220 districts of India.
The report also notes that there was some improvement in the percentage of recipients able to find cash dispensing ATMs compared with the first two weekends of December.
According to the data, 66 per cent and 61 per cent of recipients were unable to find cash over the first two weekends.
This fell to 48 per cent on the third weekend of December and is expected to fall further.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.