It’s been more than a month since the Indian Government has declared the demonetization of 500 and 1000 rupee notes. Whether it’s a bold step by PM Narendra Modi to strengthen the economy of the country, whether it’s an appropriate move to go after the black money accumulated through years or a major assault to fake currency, are not germane to my discussion right now. All these can only be figured out after a considerable amount of time. As of now, I’m more concerned about the cash flow needed by us, the common people, to lead a normal life.
The announcement on 8 November 2016 was immediately followed by a severe crisis of liquid cash in banks and ATMs. Now, even after one month, the situation has not improved much. Over the counter exchange of old notes has stopped resulting in making the queues in front of banks and ATMs longer and serpentine. Now, we can only withdraw money from the bank or an ATM.
That sounds pretty simple, isn’t it? But, practically, it’s becoming a nightmare to procure cash to meet the nitty-gritty of life. Most of the ATMs are running out of money, in many places, when they are working, they are discharging notes of higher denominations other than hundred adding more to the conundrum. As the daily withdrawal limit is INR 2000 for each debit/credit card, it’s becoming literally useless when the ATM machine is gurgling out a single new note of 2000! Moreover, the long queue is making people impatient. I, myself, witnessed a few minor ruckus over the period of time.
A few days ago, I failed to spot a single running ATM. Everywhere the shutters were half-closed with the notice dangling “Out of Cash”. After dawdling around in vain for over an hour, I put up a status update on Facebook regarding the same. It was then, a friend informed me about Money View, an app that would help you to have a slight edge over others to find ATMs with cash near you.
Well, honestly, I didn’t pay much heed to my friend’s advice at first as I was totally exasperated with my harrowing experiences in finding active ATMs. Back home, I downloaded and installed the app to try my luck. To find ATMs with cash is no less a strenuous job than Finding Nemo. But, to my utter amazement, the Money view App turned out to be quite helpful. The app distinctly shows the state of the ATMs near you or at any given place in real time; that is, whether they are active right at the moment, or, were active 3 hours ago and so on.
The ATMs marked in green are obviously the active ones
Not only the app helps to locate nearby active ATMs, but it also informs you about the denomination of notes a particular ATM is discharging. I find this feature particularly useful as I said earlier, getting a single note of INR 2000 only adds more to the morass. Apart from the ATMs, the App provides information about the closest Big Bazaars, Petrol pumps and Inox multiplexes where you can get cash. You can also keep track of your transaction and set a budget with it.
With a huge user base of 5 million, the Money View App is undoubtedly the best one to serve your purpose of finding ATMs. I’m using it and, it has served its purpose pretty well as of now.
You can download the app HERE. If you happen to be on a desktop, you can then also track the ATMs with Money View App. Try it out, it’s really useful.
What are your experiences regarding finding ATMs and withdrawing money post demonetization? Share with us.
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How useful! Thank you for sharing Maniparna! I’ll be sure to spread the word:)…I same challenges that you write about, I hear from the family back home and this will prove helpful:) many thanks 🙂
Hugs
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Thanks, Divya. Yes, common people are facing problems, it’s less in the cities though, but, in rural areas, the situation is worse.
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I had heard something about a money app on Facebook, I didn’t know things were that crazy over there. I hope things stabilise soon my friend.
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Thanks, Ste. Yes, we all are hoping so. The sooner, the better…
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Wow! I didn’t know about this app. Looks like a very helpful medium in current scenario. Glad you wrote on this and shared it with us.
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Thanks a lot, Saumya. Hope you’ll find the app useful… 🙂
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Wherever I was in the queue people had patience.
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Mostly. But at times, there had been problems.
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This app by Money view is such a wonderful initiative! Looks pretty comprehensive as well with a large database of banks and atms. Will look out for this Mani, thanks for sharing 🙂
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Thanks, Arti. Hope you’ll find the app handy… 🙂
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the App provides information about the closest Big Bazaars, Petrol pumps and Inox multiplexes where you can get cash. I dont know whether it works actually or not , I installed two apps earlier but those apps were not giving update information about cash in any ATM.
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As you’ve installed two apps earlier, you can at least give a try to this one. I think your experience will be on the positive side with MV… 🙂
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Nice to know about the app. Thanks for the post
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Thanks for stopping by… 🙂
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बहुत ही उपयोगी एप है। शेयर करने के लिए धन्यवाद मानिपर्णा।
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Thanks, Jyoti…hope you’ll find it useful… 🙂
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good to know about the app.
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Thanks… 🙂
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The apps seems an excellent tool to help people in the needs of cash. I hope the monetary situation in India will resolved soon! Best wishes to you and all Indians!
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Thanks a lot, Indah. We all are hoping in the same line… 🙂
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Very very useful app for the present times. You’re right it is too premature to decide whether demonetization will actually achieve the intended results for us citizens, but it is absolutely necessary to lessen the present chaos and pain. Such an innovative app to deal with the situation is definitely a welcome step.
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True. The situation was worse at the beginning of this month since all the salaried persons and pension holders were there to withdraw money. After the first 10 days of the month, now the steam has died down and I was able to withdraw money comfortably for the last three days.
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Yes at least in metros the situation is improving. Here in Mumbai, initially there were large ATM queues but now things have come back to normal.
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same here…
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The app is needed well when so damn need of cash is there. Once I stood in a queue and at the end the cash was finished. This is helpful! Thanks Maniparna for sharing 🙂
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Oh! I’ve met with the same frustration once! I felt like cursing anything and everything 😛
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This app was so required… But unfortunately, there is no beating the lines here. I hope you are managing well now.
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Yeah…sort of… they are replenishing the ATMs more regularly for the past few days… 🙂
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Wow this is an awesome app! I just had my first ATM card to my name, this app is definitely gonna come handy !
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That’s great, Zee…:-D Congrats on your first ATM card… 🙂
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Thank you Maniparna ! 💜
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Hope the situation changes.. and hopefully all this pain will bring good results for the nation
Bikram’s
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Yes, Bikram, let’s hope so…
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Seriously a life saver! By the way does it work well in small towns too?
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Supposed to work well with a fast internet connection. Depends on the connectivity, I surmise… 🙂
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It does sound a real nightmare. Is there any end in sight, yet?
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Hope the situation will improve in a few weeks as new notes are coming to fill the lacuna. Let’s see… but, the demonetization, as most people are of opinion, is a bold step by the PM, it’s the implementation that created the problem…
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Let’s hope that works, then.
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Yeah..hope the outcome would be good enough…
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How utterly frustrating, Maniparna
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It really is, Derrick. But hope it will improve in a few weeks…
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Such apps come handy a lot with the cash crunch where it saves times for the commoners to check banks who are still active. An interesting and helpful post for the people.
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Thanks, Vishal. The app proves to be helpful indeed… especially at this hour…
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Thanks for sharing … very helpful
btw, daily w/d limit from pos is probably 2.5k, not 2k … I myself have withdrawn that amount…
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Yes, the announcement is of 2.5k. Some ATM machines are discharging that amount, while some are declining Total confusion. I have been able to withdraw 2.5 k only once.
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very informative post, mani!!! cheers to you and of course, the app
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Thanks, Hari… 🙂
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How nice to find a workable solution to the heartaches! The downside is that not many can have access to the facility for some reasons or other!
Hank
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True that. While the app works nicely to find ATMs in a city, the situation in the rural areas. where not only the number of ATM machines are less but also the CMS facility, is quite painful….
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Very sorry to hear what is happening in India and the money situation. Hope it improves soon and it all doesn’t descend into a more unfortunate situation. We all do need money and cash for survival, and in these uncertain times I hope all of you take care. It amazes me how in India and Malaysia too ATMs are encased behind doors or strong glass – sometimes you never know who is on tough times walk by… I used to dread going to church in Malaysia and was always advised to have a big man with me. Stay safe, Mani.
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Thanks a lot, Mabel, for your concern. Means a lot. 🙂
Not at all places, ATM machines are enclosed. You can find them standing openly at corners in shopping malls or departmental stores. But those on the roadsides have such protection for security purposes. There is security personnel also to help aged people withdrawing the money.
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Informative would be an understatement, life saver. I’ll install it. Probably this will help a lot of people, including me.
Great post as usual. 🙂
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Thanks, Anoop. Are you in India now?
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Haan ji 😀
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I don’t think there will be an instant change. The Government is encouraging people to make online payments, use digital gateways to pay etc. If a major chunk of transaction across the country takes place through this medium, the Govt can earn more tax revenues it used to lose on unaccounted transactions. Prior to demonetisation, unaccounted cash transactions often went unnoticed. But as more transactions find their way through digital gateways, their beneficiaries can’t escape the taxman’s eye. So, in the long run, this step by the Government is going to help fill its coffers like never before..
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I hope so too. But, it would never be possible for the Government to make a totally cashless society. the reasons are various. But, as you’ve said, if, even a chunk (mostly educated small business class) comes under it, the Government will subsequently be able to earn a greater revenue.
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Whether the changes are for good or bad, we need to wait and see… Yes, definitely that app is working wonderfully
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True, only time will tell. For now, the app is really helping to find money.. 😀
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The demonetization has affected each and every ‘aam aadmi’. I can understand very well how it feels to search for atms with money! The app sounds really good. Will check it out definitely. Thanks a lot for sharing.
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Go for it, you’ll find it useful enough… 🙂
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Nice Post !!!
You should write about Demonetisation !!!
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Thanks, Aneesh. Will mull over the advice… 🙂
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This is true and the app should be helpful.
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Thank you… 🙂
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