People in many states have complained of cash crunch at ATMs, as ‘out of cash’ or ‘not working’ notices greeted them at ATM. This prompted the finance minister, Arun Jaitley, to reassure the people in a tweet.
Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly.
— Arun Jaitley (@arunjaitley) April 17, 2018
Several states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana have reported non-availability of cash. People in Delhi have also been tweeting about not getting cash at ATMs
In Hyderabad, news agency ANI quoted people as saying they had been unable to withdraw cash since yesterday. There are similar reports from Varanasi.