Delay in replenishment of cash is a problem
In stark contrast to the heavy rush of customers seeking
to exchange their old currency notes at Vijayawada Head Post Office
(HPO) at Kaleswara Rao Market and Buckinghampet Post Office, the number
of people turning up to withdraw money at the Post Office Savings Bank
(POSB) ATMs at both those locations is negligible.
The
ATMs are open, but are “temporarily unable to dispense cash” due to the
prevailing liquidity crunch. And, like the bank ATMs, their utility is
going to be limited only to the extent of disbursement of Rs.100 and
Rs.50 notes.
These are the only two on-site POSB ATMs
in the city, and delay in replenishment of cash is a problem there too.
Besides, these ATMs have also to be recalibrated like the bank ATMs.
Vijayawada HPO Senior Post Master M. Hari Prasad Sarma told
The Hindu
that the ATM was functioning from Wednesday after Rs.100 and Rs.50 notes were deposited in the machine.
A
spoiled note that got stuck in the ATM rendered it non-operational on
Thursday morning, but it worked as usual later. However, it could not
dispense Rs.2,000 notes, which the post office did not have.
On
an average, 60 withdrawals are made from the ATM during a normal
working day, but the number came down to single digit due to the present
crisis.
As far as exchange of old notes at the HPO
was concerned, Mr. Sarma said not less than 700 customers were being
catered to every day with the total amount being over Rs.22 lakh. The
ATM at Buckinghampet Post Office has been out of order for the last few
days after the cash in it got exhausted. It remained non-operational on
Thursday. Whether it is functional or not, a few customers are even
going to try their luck as big notes are not in full supply yet.
Source : http://www.thehindu.com
It a Matter of Regret that Postal Administration has not build any New ATMs.
ReplyDeleteAs per the view of this customer All Sub Post Offices having Departmental Building like Hindol SO - 759122, Sub Divisional Heads Like Talcher, Kamakhya Nagar, Athamallik,
Post of Offices with Building Given by Companies and Institutions Like NALCO, JINDAL, NTPC, IGIT must have ATMs
Postal Authorities should talk to NALCO, NTPC, JINDAL Authorities for Provision of ATM Building and Install ATM at the earliest.
It will make more people use POSB CBS Services and Business Market Share of DOP will Increase
Postal ATMs are not functional / operational / active / open 24*7, mostly Sundays. It discourages people to use Postal ATM, i.e. to Keep faith with them that Postal ATM will not cheat them by failure to dispense cash in need. Postal authorities are not taking timely appropriate measures like supply of uninterrupted power supply, network / server connectivity, repair of faults etc
ReplyDeleteNothing special has been done by postal department to make people go for ATM for withdrawal
like fixing a limit, for customers of post offices having ATMs installed near them ( for eg HOs), for withdrawal below which, you should visit the ATM first.