Dry ATMs in Several States Trigger Cash Crunch Fears; It’s Temporary, Says Arun Jaitley

Complaints have been pouring in from across the country, including New Delhi, Maharashtra, Gujarat, Karnataka, Andhra Pradesh and Rajasthan, of ATMs running dry or simply not working, leading to fears of cash crunch of the kind seen in the immediate days of demonetisation.

Complaining on Twitter, many said banks had started setting withdrawal limits, but these claims could not be immediately verified.
In Hyderabad, ATMs are out of cash. Local SBI branch has set a ₹ 5,000 withdrawal limit. A senior citizen was requesting ₹ 20,000 & thanked the clerk profusely when she finally relented. The clerk said that there’s a rumor that the RBI is withholding cash because of IPL betting

— Anamika (@AnaMyID) April 13, 2018
Where is the currency going? Why are ATMs dry in Hyderabad? Why is this happening? Where has the cash disappeared? Someone please investigate the mystery of the vanishing currency! @HiHyderabad @Paul_Oommen @tweetsakshi @RishikaSadam @CoreenaSuares2 @Ashi_IndiaToday

— Sunitha Simon (@sunitha_simon) April 17, 2018
ATMs are running out of cash. I got 5 empty ATMs before finding the 6th one with cash and it was inside a bank. This is Bangalore. Totally terrible situation!

— Sushant Sinha (@sushantsinha) April 16, 2018

With residents from several states taking to social media, Finance Minister Arun Jaitley said the shortage was temporary. “Temporary shortage of currency in some areas is being tackled. There is more than adequate currency in circulation,” Jaitley said.

Jaitley said in a tweet that he has reviewed the currency situation in the country.

“Overall there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ (in demand) in some areas is being tackled quickly,” Jaitley said.

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