Locals from Mehjoor Nagar Monday said that they are reeling under stress as cash doesn’t remain available at Mehjoor Nagar branch while ATMs are without Rs 500 denominations.
“I was unable to withdraw cash from the bank as the Branch Manager informed all the customers there that there is no cash available with the bank. When I visited the ATM adjacent to the Bank building, there were no Rs 500 denominations. All the customers in need of cash left the bank empty handed,” a local Reyaz Ahmed told CNS.
A bank official said that JK Bank is facing major issue of liquidity. “Money still has to reach currency chests. Almost all banks are returning customers who are coming to withdraw money, particularly during morning hours,” he said adding that the cash shortage will persist for few weeks.
(CNS)