Mysuru: With 11 days left for general public to deposit their old Rs 1000 and Rs 500 denomination notes into the banks, the Member of Parliament (MP), the Deputy Commissioner (DC) and lead bank manager met to sort out the crisis following note ban, on December 19.
Post ban, most of the ATMs remain closed citing paucity of new currency notes and even after 40 days of note ban, withdrawing Rs 2000 from the ATMs has become a challenge. At the same time the banks too refuse to give more cash, pushing people into acute trouble.
Addressing the gathering, MP Prathap Simha said that the main aim of the note ban was to curb black money holders who operate using back doors to hoodwink the government. “Most co-operative banks are under the control of politicians and nexus between bank officials and politician following note ban is a disturbing trend. Encourage mobile banking, E –Wallet transactions and offer Point of Sale ( PoS ) machines at discounted prices so that people switch over to cashless economy,” the MP said.
DC Randeep said that the RBI officials have been issued certain guidelines which they need to strictly adhere to.
Facilitating opening accounts, Issuing more RuPay cards, creating awareness on digital banking by organizing workshops and linking accounts to Aadhar cards are must, said the DC.
Meanwhile, Lead bank manager Shivalingaiah said that few use multiple bank cards to draw cash and the hence most ATM’s go dry very fast.
Each ATM requires Rs 10 lakh cash per day and the RBI is not supplying 73 crores to replenish 730 ATM’s in the district. “The RBI is not supplying sufficient currency to banks. In district alone there are 512 branches and stands next only to Belagavi,” he said adding that only 12 gram panchyaths are devoid of bank branches and are unable to open those because of staff shortage.
In the meantime the RBI imposed fresh restrictions on the deposition of old notes till December 30, where an individual can not deposit more than Rs 5000 a week.
