Today's Paper

A Sunday more stressful than a working day

Spend-freeze:Rythu Bazar at Mehdipatnam wears a deserted look with citizens avoiding buying vegetables in the wake of short supply of small denomination notes in Hyderabad on Sunday.- Photo: Nagara Gopal

Spend-freeze:Rythu Bazar at Mehdipatnam wears a deserted look with citizens avoiding buying vegetables in the wake of short supply of small denomination notes in Hyderabad on Sunday.- Photo: Nagara Gopal  

Rush for withdrawing, exchanging money continues; bank holiday today on account of Guru Nanak Jayanti

Sunday started early for all those who wanted to exchange the demonetised money or draw cash. With all of them thronging banks and ATMs, serpentine queues were witnessed outside the banks throughout the day and to add to the misery of the people, a number of ATMs were shut down due to the shortage of notes. At the end of the day, Sunday turned out to be more stressful than a usual working day.

“I waited in line and just before my turn came, the ATMs had stopped dispensing notes. Now I am left with one ATM card which cannot get me cash,” K. Sudarshan, a resident of Khairatabad, said outside a private bank in Punjagutta. “The bank officials do not seem to know when they can refill the ATMs. My Sunday is ruined and I blame the government for this.” The IT corridor might be home to lakhs of techies, but a majority of the restless crowd waiting outside banks in Madhapur, Kondapur, Gachibowli and Kondapur were those from lower income groups.

“I had to urgently send money to my family,” said Vishnu Kumar, a 23-year-old security guard who waited for two hours to exchange the banned Rs. 500 and Rs. 1,000 notes outside State Bank of Hyderabad near cyber tower. “I went to three banks and almost all of them were crowded. I had to travel a few km to come to this bank which had a smaller crowd.” There were some unruly scenes witnessed outside some ATMs too.

“There was a person who was carrying five ATM cards. He was trying to draw money from all of them and the people got agitated and threw him out,” said K. Prashanth, an engineering student, about an incident which took place in Kukatpally.

The bank staff complained that the long working hours, stretching to midnight, was leading to burnout.

Similar situation prevailed across the State. In Adilabad, cotton trading was hit hard as monetary transactions between agents and farmers got affected since the ATMs went dry.

Banks will be closed on Monday on the occasion of Guru Nanak Jayanti.

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