Shutdown of 50% ATMs may cause demonetisation-like chaos as Jan Dhan account holders queue up for cash

The closure of half of the 2.38 lakh machines in the country by March 2019 may affect millions of bank account holders under Modi government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who withdraw subsidies in form of cash through ATMs, the apex body of the domestic ATM industry said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OYVAqu