As cash dries up in automated teller machines and the common man embarks on a wild-goose chase to spot ATMs with cash, here is some solace.
A Bangalore-based start-up collective backed by classified advertizing platform Quikr and The National Association of Software and Services Companies (Nasscom), has initiated a website, CashNoCash (https://cashnocash.com/)to help you locate ATMs that have cash.
Demand for currency of Rs 100 denominations surged after a crackdown on black money by the center, which made notes of Rs 500 and Rs 1,000 denominations invalid at the stroke of midnight on November 8.
Panic reaction by commoners and the banking systems’ inability to service its huge network of ATMs caused innumerable hardships for the common man across the country, with scores of people being forced to return empty handed after spending long hours in queues.
As per an RBI report on ATMs, which came out in July, there are 2,15,039 ATMs in India, or 19 ATMs per one lakh citizens. It is in this backdrop that Quikrites Manjunath Talwar and Abhijit Khasnis came up with the novel initiative by going live with the website CashNoCash, to help the layman to spot ATMs that have cash. The idea was taken forward with the support of Qucikr and Nasscom.
The crowd sourced website enables users to update information regarding working ATMs in their locality, which turns out to be a huge database for the needy.
You just need to enter your locality name or the pin number and the website dishes out a list of ATMs that provide cash. The site also helps users to filter the data by banks or to update the current status of an already entered ATM.
A Facebook page '7pm Status' has also come up with a hashtag initiative called 'Live ATM Alert'.
"Team 7pm Status is taking an initiative for sourcing this information about cash dispensing ATMs from the public and broadcast them to the needy ones," it said in a post on the official page.
Social media users are encouraged to share information regarding working ATM machines in their locality under the hashtag #LiveATMAlert, also tagging the page. The page would, in turn, share the information so that people can easily spot working ATM machines around them.
Many people have by now taken up the venture and have posted information regarding working ATMs tagging '7pm Status'.