Hours after Customers Damaged Cashless ATM in Protest, JK Bank admits Cash Crunch
Hours after angry customers damaged a cashless ATM near SDH Kupwara, J&K bank confirmed that its ATM’s are facing cash crunch due to the shortage of cash from Reserve Bank of India (RBI).
Confirming the cash shortage from the RBI a top J&K Bank official has said. “we have already taken up the issue of cash crunch with the Reserve Bank of India and hope that cash flow will be restored next week. We appeal customers not to damage ATM Machines not vomiting cash notes”.
In reply to another question the top bank official said that a formal requisition for availability of the currency notes of higher and lower denominations put up with the Reserve Bank of India is also expected to be sorted out very soon.
Pertinently, angry customers have damaged a non functional ATM device in North Kashmir’s Kupwara district.
Eyewitness said that fed with frequent and long cash starvation of the JK Bank, SBI, HDFC and PNB ATM’s in the entire district, the people damaged the JK Bank ATM machine outside SDH Kupwara in protest.
The locals also staged strong protests against all these banks and alleged that the J&K Bank is denying them their access to their money. They said that the ATM’s of the bank frequently remain out of service in the district.
They urgued bank authorities to keep the ATM’s loaded with cash n
any rectify the faults if any or they be removed forthwith.
Shouting slogans they said that authorities should understand that people need cash all the time and such attitude by authorities can be prove determental during emergencies.