ATMs in a few cities the nation over, worked by both state-run and private banks, are purportedly running dry. The issue appears to have influenced ATMs in urban areas and towns crosswise over Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh, as indicated by media reports.

One reason behind this could be that cash withdrawals at some bank branches and their ATMs are significantly higher than deposits made at those branches.

An email sent to the Reserve Bank of India (RBI), on Tuesday, looking for reaction on the announced money deficiency, stayed unanswered when this report was distributed.

Disturbed customers tweeted about the non availability of money at ATMs.

New Delhi has observed the circumstance and said it is attempting to resolve the issue. Finance Minister Arun Jaitely expressed that an ‘temporary shortage’ of cash was caused by a ‘sudden and unusual increase in a few regions’ and that the issue is being ‘handled rapidly’.

Prior, Minister of State (MoS) for Finance Shiv Pratap Shukla stated: “We’ve money cash of Rs 1,25,000 crore at this moment. There is one issue that a few states have less cash and others have more. Government has shaped state-wise committee and RBI likewise formed committee to transfer money from one state to other. It will be done in three days.”

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