The impact of demonetisation remains undiminished in Bengaluru even a week after the Centre's sudden announcement.
Serpentine queues persisted at banks and ATMs across the city on Thursday. Most ATMs dispensed only Rs 100 notes, while bank transactions left people with just Rs 2,000 notes. Cash-less transactions are also seeing the strain as people complained that card swipe machines were not working at several shops. Amid the liquidity crunch, citizens also found that they can withdraw just Rs 2,000 from an ATM if they do not have an account with the bank concerned. This belittles the Ministry of Finance's announcement on Sunday that people can withdraw up to Rs 2,500 from any ATM per day.
On the positive side, HDFC Bank erected tents and provided chairs for customers at its branches in the city. But it was the same depressing sight at other banks. And on top of that, the liquidity crunch is also worsening Bengaluru's chronic traffic problem. At the Vijaya Bank branch in Subramanyanagar, west Bengaluru, vehicles parked by customers caused traffic snarls in Malleswaram, Rajajinagar and KRMarket.
Customers queuing up to deposit also faced an ordeal. Ranjitha, a resident of Rajajinagar, said, "I have left my two-year-old daughter at the play school for a couple of more hours so that I can complete my work at the bank."
Rakesh J, a resident of Okalipuram, said, "The card swipe machines are not working at several places. We are told that bank servers are slow. I have no option but to stand in the ATMqueue."
Ramani Iyer, a Corporation Bank customer, said that when she tried to withdraw Rs 2,500 from an ICICI Bank ATM, a message popped up that she had exceeded the daily withdrawal limit. "This is stepmotherly treatment," she said in a lighter vein. "I need to enrol for a dance course. I hope to withdraw Rs 2,500 elsewhere."
A customer of Bank of Baroda was able to draw Rs 2,500 from the bank's ATM. But that was not the case with Ravindra, also a customer of the same bank. "I stood in the queue for 40 minutes. While others were able to draw Rs 2,500, my transaction was limited to Rs 2,000. This was not excepted," he rued.
Many customers were greeted with one of the two messages: 'You have made an invalid transaction' or 'You have exceeded your transaction limit.'
Meanwhile, banks continued to put other work on the back burner. Few staff members attended to services related to pension, loan and Internet banking. A manager at State Bank of India told DH that most of the staff was engaged in depositing cash and exchanging notes.
DH News Service![]( "People queue up in front of Yes Bank at Vasanthnagar on Thursday.")
The impact of demonetisation remains undiminished in Bengaluru even a week after the Centre’s sudden announcement.
Serpentine queues persisted at banks and ATMs across the city on Thursday. Most ATMs dispensed only Rs 100 notes, while bank transactions left people with just Rs 2,000 notes. Cash-less transactions are also seeing the strain as people complained that card swipe machines were not working at several shops. Amid the liquidity crunch, citizens also found that they can withdraw just Rs 2,000 from an ATM if they do not have an account with the bank concerned. This belittles the Ministry of Finance’s announcement on Sunday that people can withdraw up to Rs 2,500 from any ATM per day.
On the positive side, HDFC Bank erected tents and provided chairs for customers at its branches in the city. But it was the same depressing sight at other banks. And on top of that, the liquidity crunch is also worsening Bengaluru’s chronic traffic problem. At the Vijaya Bank branch in Subramanyanagar, west Bengaluru, vehicles parked by customers caused traffic snarls in Malleswaram, Rajajinagar and KR Market.
Customers queuing up to deposit also faced an ordeal. Ranjitha, a resident of Rajajinagar, said, "I have left my two-year-old daughter at the play school for a couple of more hours so that I can complete my work at the bank.”
Rakesh J, a resident of Okalipuram, said, "The card swipe machines are not working at several places. We are told that bank servers are slow. I have no option but to stand in the ATM queue.”
Ramani Iyer, a Corporation Bank customer, said that when she tried to withdraw Rs 2,500 from an ICICI Bank ATM, a message popped up that she had exceeded the daily withdrawal limit. "This is stepmotherly treatment,” she said in a lighter vein. "I need to enrol for a dance course. I hope to withdraw Rs 2,500 elsewhere.”
A customer of Bank of Baroda was able to draw Rs 2,500 from the bank’s ATM. But that was not the case with Ravindra, also a customer of the same bank. "I stood in the queue for 40 minutes. While others were able to draw Rs 2,500, my transaction was limited to Rs 2,000. This was not excepted,” he rued.
Many customers were greeted with one of the two messages: 'You have made an invalid transaction’ or 'You have exceeded your transaction limit.’
Meanwhile, banks continued to put other work on the back burner. Few staff members attended to services related to pension, loan and Internet banking. A manager at State Bank of India told DH that most of the staff was engaged in depositing cash and exchanging notes.
DH News Service
Serpentine queues persisted at banks and ATMs across the city on Thursday. Most ATMs dispensed only Rs 100 notes, while bank transactions left people with just Rs 2,000 notes. Cash-less transactions are also seeing the strain as people complained that card swipe machines were not working at several shops. Amid the liquidity crunch, citizens also found that they can withdraw just Rs 2,000 from an ATM if they do not have an account with the bank concerned. This belittles the Ministry of Finance's announcement on Sunday that people can withdraw up to Rs 2,500 from any ATM per day.
On the positive side, HDFC Bank erected tents and provided chairs for customers at its branches in the city. But it was the same depressing sight at other banks. And on top of that, the liquidity crunch is also worsening Bengaluru's chronic traffic problem. At the Vijaya Bank branch in Subramanyanagar, west Bengaluru, vehicles parked by customers caused traffic snarls in Malleswaram, Rajajinagar and KRMarket.
Customers queuing up to deposit also faced an ordeal. Ranjitha, a resident of Rajajinagar, said, "I have left my two-year-old daughter at the play school for a couple of more hours so that I can complete my work at the bank."
Rakesh J, a resident of Okalipuram, said, "The card swipe machines are not working at several places. We are told that bank servers are slow. I have no option but to stand in the ATMqueue."
Ramani Iyer, a Corporation Bank customer, said that when she tried to withdraw Rs 2,500 from an ICICI Bank ATM, a message popped up that she had exceeded the daily withdrawal limit. "This is stepmotherly treatment," she said in a lighter vein. "I need to enrol for a dance course. I hope to withdraw Rs 2,500 elsewhere."
A customer of Bank of Baroda was able to draw Rs 2,500 from the bank's ATM. But that was not the case with Ravindra, also a customer of the same bank. "I stood in the queue for 40 minutes. While others were able to draw Rs 2,500, my transaction was limited to Rs 2,000. This was not excepted," he rued.
Many customers were greeted with one of the two messages: 'You have made an invalid transaction' or 'You have exceeded your transaction limit.'
Meanwhile, banks continued to put other work on the back burner. Few staff members attended to services related to pension, loan and Internet banking. A manager at State Bank of India told DH that most of the staff was engaged in depositing cash and exchanging notes.
DH News Service
The impact of demonetisation remains undiminished in Bengaluru even a week after the Centre’s sudden announcement. Serpentine queues persisted at banks and ATMs across the city on Thursday. Most ATMs dispensed only Rs 100 notes, while bank transactions left people with just Rs 2,000 notes. Cash-less transactions are also seeing the strain as people complained that card swipe machines were not working at several shops. Amid the liquidity crunch, citizens also found that they can withdraw just Rs 2,000 from an ATM if they do not have an account with the bank concerned. This belittles the Ministry of Finance’s announcement on Sunday that people can withdraw up to Rs 2,500 from any ATM per day.
On the positive side, HDFC Bank erected tents and provided chairs for customers at its branches in the city. But it was the same depressing sight at other banks. And on top of that, the liquidity crunch is also worsening Bengaluru’s chronic traffic problem. At the Vijaya Bank branch in Subramanyanagar, west Bengaluru, vehicles parked by customers caused traffic snarls in Malleswaram, Rajajinagar and KR Market.
Customers queuing up to deposit also faced an ordeal. Ranjitha, a resident of Rajajinagar, said, "I have left my two-year-old daughter at the play school for a couple of more hours so that I can complete my work at the bank.”
Rakesh J, a resident of Okalipuram, said, "The card swipe machines are not working at several places. We are told that bank servers are slow. I have no option but to stand in the ATM queue.”
Ramani Iyer, a Corporation Bank customer, said that when she tried to withdraw Rs 2,500 from an ICICI Bank ATM, a message popped up that she had exceeded the daily withdrawal limit. "This is stepmotherly treatment,” she said in a lighter vein. "I need to enrol for a dance course. I hope to withdraw Rs 2,500 elsewhere.”
A customer of Bank of Baroda was able to draw Rs 2,500 from the bank’s ATM. But that was not the case with Ravindra, also a customer of the same bank. "I stood in the queue for 40 minutes. While others were able to draw Rs 2,500, my transaction was limited to Rs 2,000. This was not excepted,” he rued.
Many customers were greeted with one of the two messages: 'You have made an invalid transaction’ or 'You have exceeded your transaction limit.’
Meanwhile, banks continued to put other work on the back burner. Few staff members attended to services related to pension, loan and Internet banking. A manager at State Bank of India told DH that most of the staff was engaged in depositing cash and exchanging notes.
DH News Service