On Nov 8, Prime Minister Mr Narendra Modi took the extreme step of taking out 86% of Cash in circulation in India. This is to be accomplished by banning the 500- and 1,000-rupee notes – a process called demonetization – which have formed the bread and butter of most of the cash transactions in India since decades. No wonder, there have been chaos since, as the deadline to exchange these old notes with the new 500- and 2,000-rupee notes is this year-end.
Though the move was aimed at tackling corruption (read black-money or unaccounted-for cash) and terrorism, it is the common man who has been hit the hardest so far! There are long queues outside Banks and ATM machines, but there is insufficient cash to serve everybody. Many other factors are adding too to their misery – importantly, limits to exchanging notes on any given day, some don’t even have a bank account, and many fear losing their hard-earned money because of their mistrust of the financial institutions and concerns about being harassed about where the money came from.
My sister is an Officer in Bank of Baroda in Panipat, and her bank has been working 14 hours every day to make sure they can serve as many customers as they can, but they can hardly do anything if bank doesn’t have enough cash! The issue is so serious that many people took to streets in India opposing the decision and some assaulted bank employees too; one of the Officers known to my sister died of a heart attack when he couldn’t handle the pressure! After all, general public in India can’t live without cash, though many are now trying to go cashless.
Having highlighted the brunt many are facing, do you know we have a way around to lessen the stress on ourselves? What if we knew which ATM around us has money? That would at least save us the time and ordeal of going through the torture. Correct? Fortunately, Find ATM with Cash feature on Money View app does exactly that. It gives you the location of nearest ATM available with Cash. They do this by crowd-sourcing data from more than 5 million users spread across 200 cities in India. It is one of the most comprehensive ATM tracking solutions available to us.
You just have to download the Money View app from Google Play store and use their Find ATM with Cash feature.Even if you are on a desktop, you can use their Find ATM with Cash page. This will help you save on a lot of time and effort by visiting the right ATM near you. Once you withdraw the money, do upload your feedback on the queue, so your experience can help other too!
My parents in Ambala are now using the desktop version, and enjoying this convenience:Lastly, it is not just the ATMs that Money View has mapped. We can also find active banks, petrol pumps, Big Bazaar stores, and Inox multiplexes, which are dispensing cash through their app. My sister has been recommending this app to whosoever she can, making their lives easier. You can too by spreading the word around!