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Cash crunch may escalate during three-day bank holiday

<p>With banks closed for three consecutive days from Saturday and ATMs in the city still not functioning to full capacity, the ongoing cash crisis may escalate further leaving residents high and dry</p>

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Cash crunch may escalate during three-day bank holiday

With banks closed for three consecutive days from Saturday and ATMs in the city still not functioning to full capacity, the ongoing cash crisis may escalate further leaving residents high and dry for want of cash during the weekend.

Customers are venting anger as most of the ATMs are running dry. As banks remained closed, long to moderate queues were seen outside different cash-loaded ATMs, while some ATMs continued to flash 'ATM Closed' placard. Citizens who stood by government's decision to demonetise high denomination notes earlier, are now running out of patience following reports that huge amount of cash in new currency is being seized by the Income Tax and police authorities across the country.

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