People in Delhi say "We are facing the cash crunch". The situation is so tense in the state that even Chief Minister Shivraj Singh Chouhan had to make a public comment on the issue. When the cash shortfall was reported from Andhra Pradesh and Telangana in March, it was attributed by some to a misunderstanding of the Financial Resolution and Deposit Insurance Bill, which had a "bail in" clause where depositors would bear a portion of any losses. Govt has formed state-wise committee & RBI also formed committee to transfer currency from one state to other.
Efforts to take a version of the State Bank of India, with the largest number of ATMs, in the state did not yield any result. There is no apparent cash crunch across states. "SBI is facing a major problem because payment under many government schemes is made through the bank". "We are facing difficulty, don't know what to do". In some of the states, recalibration of ATM machines for Rs 200 notes have not been completed leading to shortage of cash.
SP Shukla, Finance Ministry official, said that RBI has formed a committee to transfer currency from one state to cash-crunch hit states.
"We have visited five-six ATMs since morning". Jaitley took to micro-blogging site Twitter and said that the shortage is "temporary" and that it has been caused due to "sudden and unusual increase" (in demand) in some parts of the country. "Banks have been advised to optimize cash flow at ATMs well". "We need to pay for the admission of children and purchase groceries and vegetables", a resident of Varanasi in Uttar Pradesh was quoted by ANI as saying. After this exercise (demonetisation), the currency in circulation increased to Rs 16,50,000 crore.
He was referring to news reports of ATMs running out of cash at some places in the state. "The government will act tough on this", he said. "But notes of Rs 2,000 are missing from the market".
People in Vadodara told ANI, "Most of the ATMs were out of service, (we) could only withdraw Rs 10,000 from one working ATM and that too after spending a lot of time in a queue". "We are facing difficulty, don't know what to do", they said.
People from Bhopal in Madhya Pradesh claimed that the situation had been prevailing for the past 15 days.