India's ATMs set to go cashless once more as bank workers stage walkout

A last-ditch effort to avert a threatened bank strike has failed, precipitating a two-day walkout by approximately 1 million bank employees Wednesday, May 30, and Thursday, May 31, Business Today has reported.

According to the publication, several banks are warning customers of disruptions in both ATM and branch banking services, as workers walk off the job over wage and workload issues.

ATMs, which have experienced periodic outages since the government's demonetization in November 2016 of 500 and 1,000 rupee notes, will most likely go cashless once again.

Additionally, ATMs will mostly be unattended, as the security guards responsible for ensuring ATM user safety are also participating in the strike.

Wage-earners who are normally paid at month-end could encounter difficulties in cashing their paychecks because of the walkout, the report said.

Topics: ATM Management, Bank / Credit Union, Vault Cash / Cash Management

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