Coronavirus: No Cash Shortage In ATMs During Lockdown In The Country

Coronavirus ATMs

There will be no shortage of cash in ATMs during the lockdown due to the Coronavirus epidemic. During the pandemic, more money is being used at ATMs these days to reach the help of the government in the form of cash. The Ministry of Finance, National Health Authority, RBI, and Cash Logistics are in constant touch with each other to prevent any shortage of money.

40 ATMs Loaded every day – Coronavirus

Rituraj Sinha, chairman of the select security committee of the industrial organization. FICCI said that before the lockdown, a van was able to cash in 17-18 ATMs daily. Currently, 40 ATMs used to pay cash from a trailer. Cash withdrawals from ATMs are also increasing these days compared to regular days. But 65,000 ATM personnel are acting like day and night warriors to maintain cash flow at ATMs during a lockdown.

No Cash Withdrawal From ATM In Connaught

According to cash logistic companies, cash not withdrawn from ATMs in Mumbai’s Nariman Point or Connaught Place area of ​​Delhi during the lockdown. Withdrawal of cash is mainly from small towns and residential areas.

Special Care Of Cash in ATMs – Coronavirus

Therefore special care is being taken of cash in ATMs of rural and small cities. During the Coronavirus epidemic, money from the government’s account of farmers and the poor can access through ATMs for financial assistance. Because it is not possible for farmers and poor people living in villages to reach the bank in lockdown.

No Shortage Of Cash In ATMs Due To Lockdown

Sinha, who also takes charge of the group MD of cash logistics company SIS. Says this time is very challenging for us when companies are also providing various types of additional facilities to ATM personnel. All efforts made that there is no shortage of cash in the ATM for the next nine days of lockdown. Currently, there are about 2.2 lakh ATMs across the country. According to the data of financial institutions, about 25,000 crore cash put into an ATM in a day.