Money shortage burdens bank customers
Source: The Sangai Express
Ukhrul, April 18 2017:
Many people have started to panic due to acute shortage of cash in most of the bank branches in Ukhrul and limitation of cash withdrawal at Rs 5000.Speaking to our correspondent, Deputy Manager of SBI branch at Somsai, Ukhrul stated that temporary ceiling limit was enforced to meet the immediate cash requirement for customers in Ukhrul.
He stated that SBI Somsai branch has officially informed the RBI Guwahati head office about the shortage of money which has caused immense inconveniences since last week.
After a cash requisition was sent on April 5, the office replied that due to security arrangement remittance is yet to be finalised and is still awaiting for their response.
SBI, Somsai branch has even approached the UBI (bank to bank temporary arrangement) but in vain since UBI has been facing the same problem of cash shortage.
All the installed ATMs in the town has been closed down temporarily because of the cash crunch, he stated.