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Tech Issues Double Cash Woes

Cash Woes

With ATMs out of cash, and Sunday holiday banks witnessed a huge rush to withdraw money or exchange the old currency notes. But in most of the banks, the officials simply set up 'no cash' boards.

Meanwhile, the PoS machines at commercial centres and shops did not work properly on Monday. Due to server problem, the shop owners rejected the swiping of debit cards from the customers. Shortage of cash and technical problems in swiping machines doubled the woes of people. Unable to pay the amount, few people returned the groceries at supermarkets.

Speaking to this correspondent, Mr Srinivas, a dhaba owner said that sometimes the swiping machines do work. "We have advised the customers to make available valid currency notes before ordering the food items," he said. He said that their business has drastically declined for last 10 days.