ATMs cashless on the second day: Empty ATM, No Cash Board
New Delhi: ATMs are still empty in many places today for the second consecutive day. No cache board is on. Many people are standing in line. Meanwhile, the Finance Ministry says that there is more than enough cash in the market. There is a shortage of some states due to sudden demand, which will soon be removed.
ATMs cashless on the second day: Empty ATM, No Cash Board Minister of State for Finance Shiv Pratap Shukla said there is no shortage of money. We have a currency of more than 1.5 lakh crores. There is a very few situations where money becomes more and becomes less. The fear of trade has been spread and it is not right. Meanwhile, the printing work of notes in all banknote presses has begun at war footing. In the Dewas Bank note press, the printing of notes started in three shifts from Wednesday. The printing of notes of 500 and 200 rupees will be printed from 7 am to 3 pm, then from 2 pm to 11 pm and then from 11 am to 11 am. Sources say that due to the increasing shortage of the notes, the printing presses are being accelerated. The printing of three shifts will increase the production of the note. Sapna Choudhary Latest Video Dancing at brother's wedding| Gone Viral On Tuesday, Finance Minister Arun Jaitley said that the situation of cash in the country was taken care of. Overall, there is more cash than enough and the banks also have it. In some areas, there is a sudden increase in demand from the sudden and increased demands of the community. Banking Secretary Rajiv Kumar told NDTV that 85% ATMs machines have cash in them. 10 to 12 percent machines are always in maintenance. But then why is the crisis? Rajiv Kumar has been cleared that the demand for cash in March is high.
ATMs cashless on the second day: Empty ATM, No Cash Board Why the Problem of cash in ATMs? 1- Fear of the Financial Resolutions and Deposit Insurance Bill. According to this bill, if a bank is drowning, if it is going bankrupt, then what is the amount of money you have deposited there, how much money are the banks obliged to return? 2- According to this bill, deposit money from the account holders can be used to bail out the bank. The Deposit Insurance and Credit Guarantee Corporation also have to be terminated. Under this, there is a guarantee of returning up to one lakh rupees to the account holders. 3- Provision for improving the health of the banks from customers' money is also about chapter 4 of section 2. According to this, resolution corporation will decide after the consultation with the regulator, to determine how much money the depositor of a bankrupt bank should pay for his deposit money. He will decide that the depositor gets a special amount or the entire money deposited in the account. 4- There is panic among customers due to the continuous increasing NPA. Public sector Union Bank of India has suffered a huge loss of Rs 1,250 crore in the third quarter of the current financial year. 5- Due to fear, banks will be forced to withdraw money from ATM. 6- From one year to 2000, notes of close proximity are closed, while SBI's deputy MD Neeraj Vyas says that notes of 2000 rupees are not coming in circulation. He said that at the ATM we put all the notes of 2000 rupees, they leave but do not return to the counter again. 70% ATM is not ready for. 7- 200 notes, that is, these ATM machines have to be updated. 8- There has been an increase in procurement in agriculture, due to which the market is being removed more. 9- This is the season of weddings and in this case, people are taking money out and keeping it close to them so that later problems are low. 10- Closure of financial year by companies. Download Infozuba App
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