Braving the morning chill, several individuals, youthful and old, lined up at ATMs and banks over this tech hub on Thursday to draw money at the most punctual.
Anticipating heavy rush on the month's first day, banks topped off their ATMs with Rs. 2,000, Rs. 500 and Rs. 100 money notes amid the night to guarantee that clients could withdraw cash directly rather than lining up at the branches.
Also, several clients without charge or Visas lined up at bank offices in private and business zones with checks and passbooks close by over a hour prior to they opened for exchange to stay away from postponement in getting money over the-counter on compensation day.
"Expecting more withdrawals today (Thursday), we have not only filled all our ATMs in the city with cash, but also kept more cash ready to refill them soon and ensure that those with debit or credit cards do not crowd our branches," said Shridar Murthy, a state-run bank office official here.
With the day by day withdrawal farthest point of Rs. 2,500 from ATMs and Rs. 10,000 every day or Rs. 24,000 a week from counters to every client in compel, banks have prepared themselves to scatter the allowed add up to whatever number of their clients as could reasonably be expected.
"We are doing our best to ensure that all our savings and current account customers are able to draw cash up to the limit they are entitled to through ATMs and across counters, as they need more cash in the first 10 days of the month to meet their requirements," said Murthy.
As the biggest state-run manage an account with around 2,000 ATMs and 200 branches over the city, the State Bank of India (SBI) has gathered about Rs. 100 crore from the territorial Reserve Bank of India (RBI) to stock its ATMs and branches with enough money to permit its clients draw money for pay rates and different costs amid this week.
"In view of our large customer base, with more accounts of government agencies, private organisations and companies and pensioners, we have roped in about 100 of our retired officials to help the staff in handling the rush," said SBI's Bengaluru circle's General Manager Rajni Mishra.