Skip to contentSkip to navigation

Fund crunch hits ATM service in Golaghat

Now a days the ATM service in Golaghat has no longer been a 24 hour utility service. Most of the ATMs in Golaghat are either being closed or runs on a first come first serve basis. This situation has been prevailing for the last three months. When contacted the officials of SBI Golaghat said that the banks used to get their funds from Reserve Bank of India but for the last three months the RBI is not remitting sufficient amount of funds to the banks. The Golaghat SBI has not received Rs.1000 denomination currency note for the last one and a half year. The scarcity of high denomination currency notes has even compelled the SBI Golaghat to put up an instruction in their ATMS requesting people not to withdraw more than Rs.5000/- at a time. Banks are now operating the ATMs out of the cash deposited in the counters of the bank and which is not sufficient to run the ATMs as with the introduction of various modes of electronic fund transfer like RTGS, NEFT the banks have now a days witnessed a decline in cash transaction. If the RBI does not meet the demands of funds immediately there is strong possibility of closure of the ATMs in near future.

Author info

Ritupallab Saikia's picture

Add new comment


Republish this content

Random Stories

File photo: Ajit Singha with his wife Ruby Singha

Ajit Singha : an ode to an artiste

29 May 2019 - 8:03pm | Prantik Deka
The Tezpur chapter of the Asam Sahitya Sabha, the apex literary body of Assam, paid glowing tributes to the eminent music director, lyricist and actor – Ajit Singha by observing his 16th death...

Yoga program by Baba Ramdev at Nagaon

2 Feb 2011 - 6:51pm | bishwajeetsinha
The people of Nagaon soon going to be benefited by live Yoga training by Baba Ramdev under the local chapter of "Patanjali Vidyapeeth' Haridwar. The 2...

Legal option before Paul

7 Nov 2016 - 5:04pm | AT News
A strong lobby is in a process to move a bail petition in the Gauhati High Court on behalf opf Rakesh Paul who a local court has remanded to 14 days police custody a day the APSC chairman was...