An Express recce in south revealed that banks in Bhubaneswar and Kochi were cash rich, however, the those in Chennai, Bengaluru, Thiruvananthapuram and Vijayawada remained cashless.
The Bhubaneswar based Indian Express reported that during checking out SBI, Bank of India, UCO Bank, Indian Overseas Bank, Central Bank, Canara Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank at the following locations: Unit VI, Unit VII, Unit IX, Surya Nagar, Gopabandhu Nagar, Sahid Nagar, Ashok Nagar, Forest Park, Satya Nagar and Mali Sahi, there was no cash crunch in any of the bank branches they visited.
“Even most of the banks allowed customers to use withdrawal slips, while a few stuck to the self cheque route. Withdrawal from PoS machines was also available at bigger branches.”
At some banks, the number was 120-130. One branch reported it dispensed about `18 lakh on Friday, though the average was around `7-10 lakh. All the branches they visited stuck to the RBI mandated limit of `24,000 per week with no bank setting any lower limit on its own. Bravo!!
Not only that, a person had to wait for about only 15 minutes to get cash, much lower than other banks of the country. However, the problem of change persisted as most banks are giving out only `2,000 notes. Only in the case of smaller amounts, `100 currencies are being given. Just one bank had `500 notes.
So if you’re the one who’s facing the heat of demonetization, then it’s time to move to Bhubaneswar.