Again Cash Crisis in Telugu States


ATMs are seen with either No Cash boards or Out of Service boards. Again Cash Crisis is seen in Telugu States once again after demonetization. Currency woes started again and made people stand in lines before banks. The very reason behind this as stated by financial experts is less deposits and over withdrawals. They say that deposits are not released by RBI as per the requirement and that is why there is no cash in banks and ATMs. While the other reason is withdrawing more money in single transaction as Banks levied ST above the limited tax free transactions. People are requesting the government and RBI to solve the currency problem as soon as possible.