Policy

‘Less than 10% of ATMs replenished every day’

Our Bureau New Delhi | Updated on January 16, 2018 Published on December 29, 2016

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.

Published on December 29, 2016
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