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On first payday after demonetisation, banks run out of cash within hours and ATMs dry up
Banks faced the brunt of public frustration again as customers found themselves standing in long lines to withdraw cash after November salaries were credited to accounts. RBI is currently supplying cash based on a variety of calculations including how much a bank branch got the previous day, said another banker. Before the withdrawal of the Rs 500 and Rs 1,000 notes, ATMs used to be filled with about Rs 50 lakh of currency.
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