Login / Signup Close

64% Unable to get Permissible Withdrawal Amounts from the Bank


  • Citizen rating of demonetisation implementation continues its steady decline with only 32% rating it good
  • 48% citizens still could not find a cash dispensing ATM between Dec 16-18th

December, 21 2016, New Delhi: The pain that citizens have felt due to demonetisation is showing up across the country. People have faced problems in withdrawing cash from bank branches initially due to the long queues and now due to banks telling them that they can give them a maximum of Rs. 10,000 – 12,000 as they don’t have enough cash.

In a recent survey conducted by citizen engagement platform LocalCircles, 64% people said that they are still unable to get the permissible withdrawal amounts from the bank. RBI has set a withdrawal limit of Rs 24,000 a week for savings account, Rs. 50,000 a week for current accounts and Rs. 10,000 a month for the Jan Dhan accounts. But most people complain that the banks never give them the full amount. In this poll where 8,997 votes came in, only 36% said that they were able to withdraw the full prescribed amount from their banks.

In a related survey, almost 68% of the citizens polled on LocalCircles in an online poll say that the implementation of demonetization program has been bad. The rating for the implementation process has continously declined with it being 51% ten days after the announcement. It was 39% a week ago and this week it has fallen to 32%. Only 32% citizens now feel the Demonetisation implementation has been good.

On the availability of cash dispensing ATM front, the situation doesn’t seem to be showing too much improvement as 48% citizens still could not find a cash dispensing ATM between Dec 16-18th.

About LocalCircles

LocalCircles takes Social Media to the next level and makes it about Communities, Governance and Utility. It enables citizens to connect with communities for most aspects of urban daily life like Neighborhood, Constituency, City, Government, Causes, Interests and Needs, seek information/assistance when needed, come together for various initiatives and improve their urban daily life. LocalCircles is free for citizens and always will be!

K Yatish Rajawat- media@localcircles.com, +91-9818311177

Please enter email address that you used to register. We will send you instructions to reset your password.

Close
Contribution Score
Credible local information in a community gets built when people provide accurate information in an accountable way. Be it inviting new members to a community or sharing experiences about local businesses, you can improve the credibility of information available to the communities. To encourage this value addition by all local community members, LocalCircles tracks your contributions.

How do we track your contribution:

Close
Please select a Circle that you want people to invite to.
Invite to

(Maximum 500 email ids allowed.)

This will delete this post and the comments and likes on it permanently. Are you sure?
No Yes

Circles you may want to join (National Circles)

Share via: Whatsapp
No, Thanks.