Day two of bank strike: ATMs run out of cash

Jamshedpur No Comments on Day two of bank strike: ATMs run out of cash 27

Jamshedpur, Feb 11: Several ATMs ran out of cash causing hardship to common-man on the second day of the two-day strike which was called by bank unions to protest against delay in wage revision. The two day strike called by United Forum of Bank union saw each and every bank close down their shutters in all the three districts of Kolhan Division including the Jamshedpur city.

Around 4000 crores of business was affected due to the close down of around 300 branches in East Singhbhum, West Singhbhum and Seraikela-Kharswan district of Kolhan division on 10 and 11 Feb.

Although the new-generation private sector banks like HDFC Bank and ICICI Bank functioned normally, clearing and fund transfer operations suffered on account of the strike.

Normal banking operations, including cash transactions, cheque clearances, foreign exchange dealings were affected. The ATMs, which functioned normally on the first day of the strike, ran out of cash today hampering day-to-day activities.

“The strike was successful as all members went on protest on a wage cut. Government should come forward and discuss with us. The unions will be meeting shortly to talk on future course of action,” All India Bank Employees’ Association (AIBEA) official.

The AIBEA said banking transactions have been affected in more than 70,000 branches across the country as around 10 lakh employees and officers participated in the strike.

The customers were seen fuming at the cash-less ATMs at several places like Golmuri , Sakchi, Sonari and Adityapur. All banking operations, including cash transactions, cheque clearances, foreign exchange dealings were affected. The ATMs, which functioned normally on the first day of the strike, ran out of cash today hampering day-to-day activities.

Several other customers too complained about the cash-less ATMs at other places like Sakchi, Sonari and Adityapur. To add to the woes, the currency notes of Rs 500 and Rs 100 also got
exhausted in numerous ATMs.

Convenor of the United Forum of Bank Unions, Subhashish Bhattacharya admitted that ATMs at several places went dry due to the strike. ” The cash was filled in the ATMs on Tuesday. Panick withdrawal by customers also led to cash getting exhausted in the ATMs.

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