Reason for no Cash is known

Hyderabad march 25: In order to India go digitalise, govt planning to restrict the number of ATM's Throughout the country. From the past one month, the country people have been facing the difficulties for the money.

recently govt has given nod to no limits for the withdrawal in the ATM.So every person has to withdraw the money with the large margin. Some private banks had the limit of 1.5 lakh per day.From this within the span of time, the ATM has welcomed the no cash board.

RBI keen plan that the withdrawal limit will initiate soon to 10000 rupees only.Because they need implement the country to fully digital.



Post-demonetisation, while customers are back to using ATMs as frequently as they used to — cash flows are still an unresolved issue. RBI data shows that in terms of a number of transactions the January 2017 figures (71.2 crores) were on par with January 2016 (70.4 crores).

But in terms of how much people have been withdrawing from ATMs, there has been a sharp dip. This January people withdrew Rs 1.51 lakh crore from ATMs, down 30% from last January were usage was at Rs 2.17 lakh crore.

"The restricted cash flow has meant, banks are not able to load their ATMs to full capacity, meet the needs of white label operators in rural areas, farmers' cooperative banks and social-sector schemes, such as old age pensions," said an SBI official.