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APGVB mobile ATM provide relief to cash-starved public
In the wake of cash crisis created due to demonetisation of Rs 500 and Rs 1,000 currency notes, a mobile ATM being operated by the Andhra Pradesh Grameena Vikas Bank (APGVB) has been offering much needed relief to the citizens in the city.
Warangal: In the wake of cash crisis created due to demonetisation of Rs 500 and Rs 1,000 currency notes, a mobile ATM being operated by the Andhra Pradesh Grameena Vikas Bank (APGVB) has been offering much needed relief to the citizens in the city.
The public were being compelled to move around the city in search of the ATM centres that has cash as the ATMs of many banks in the city were running out of cash within a short time due to heavy rush of public withdrawing the cash.
In order to address the issue, the APGVB has been stationing its mobile ATM at important junctions in the city for the past few days. The citizens in nearby areas were allowed to withdraw the cash they needed within the prescribed limit.
It might be noted that the mobile ATM funded by NABARD was used to tour the villages covering the service area of the APGVB. It was meant not only extending the ATM facility but also propagating the financial literacy.
It was rolled out in March this year and since then its services were being offered in villages and at public gatherings like jataras, where there were no ATMs nearby and it attracted public attention.
Its usability has now become more visible as the public in the city were crowding at the ATM wherever it was stationed.
According to T Rajeshwar Rao, a retired bank manager and in-charge of the mobile ATM, the vehicle was being parked at public places like Pochamma Maidan, Warangal Chowrasta, Collectorate, Subedari, Nakkalagutta, Public Gardens, Hanamkonda Chowrasta and others in the city every day.
On an average, about Rs 6 to 7 lakhs were being dispensed. On Monday till 11 pm about Rs 11 lakhs were dispended. ATM cards of all banks were accepted at our ATM, he added.
“I have visited many ATMs in Hanamkonda, but all of them were out of cash. One of my friends informed me about the APGVB mobile ATM stationed at Subedari. Thanks to the bank, I was able to withdraw Rs 2,000,” said a private teacher K Yakaiah.
Besides the mobile ATM, the APGVB as part of its efforts to promote alternate delivery channels has been offering cash dispensing services in the villages through handheld micro-ATMs operated by Bank Mitras appointed by it.
