Finance Minister Nirmala Sitharaman has announced that there will be no charges on ATM withdrawals for three months and it’s business as usual for cash logistics companies, which have been working to ensure that ATMs are fully loaded around the country.
“There has been robust demand for cash. On the day before Janata Curfew on March 22, we were operating at about 125 per cent of our capacity. Most people expected that the curfew would be extended in some manner and they were equipping themselves with currency. Even now it is about 80 per cent, we are not seeing any dip,” said Anush Raghavan, Senior Vice-President at CMS Info Systems.
V Balasubramaniam, President of ATM Managed Services at FSS, said cash withdrawals fell by about 80 per cent on the day of the Janata Curfew, but is continuing at a normal pace on most days.
Esta historia es de la edición March 26, 2020 de The Hindu Business Line.
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