Pensioners face problems due to non-availability of cash
Pensioners are facing a lot of problems to withdraw their cash from the banks and ATMs due to non-availability of sufficient cash. There are 39,000 pensioners in the district.
Pensioners are facing a lot of problems to withdraw their cash from the banks and ATMs due to non-availability of sufficient cash. There are 39,000 pensioners in the district. The district administration credited pensions to their bank accounts. After the demonetisation of Rs 500, Rs 1000 cash notes, banks have no sufficient cash to accept withdrawals.
According to official sources, there is still a gap of 70 per cent between demand and supply. 80 per cent of ATMs are not working in the city. When the banks are not getting sufficient cash from the RBI to meet their requirements, they are allowing withdrawals depending upon availability of cash.
Some banks are allowing withdrawals up to Rs 4000 in cash, while some banks offer up to Rs 6000. In order to get this cash, the pensioners have to stand in banks for hours to get their cash. Those unable to stand in the long queues are sending their sons or daughters to get the cash from ATMs of which they only get the Rs 2000 note.
D Jayalakshmi, a pensioner said, "I recently fractured my leg. I have sent my son to withdraw cash from the ATM from which He got a Rs 2000 note. All my monthly expenditures are to be met with the money I get in pension. With no cash in hand, I am beginning to worry.”
D Sekhar Rao, another pensioner said, "Banks are accepting withdrawals depending on availability of cash. At least Rs 15,000 cash is required to pay house rent and purchase essential commodities.
Generally cash requirement will be more in the first weeks of the month. Twice I was denied money to be withdrawn with no cash in the bank being the reason. RBI should release more cash during the first weeks of the month. I am suffering a lot.”
V Rajya Lakshmi, another pensioner said, "Chief Minister N.Chandrababu Naidu is stressing on cashless transactions and internet banking. Small and medium kirana shops are not accepting debit cards because they do not have swiping machines. I am requesting banks to enhance withdrawal limit to Rs.10,000 per week."