Long queues in front of ATMs inside campuses have been a common sight this week. "Lines in front of ATMs within the institute are huge. Instead of studying for exams, most of the students are queuing up, wasting a lot of time to withdraw money," says Shreeyesh Menon, a third-year Mechanical engineering student of IIT Bombay. In pics: Coping with cash crunch
Students from across the country are feeling the pinch of the Centre's demonetisation move. Catch spoke to a number of students who are either appearing for the semester-end or mid-semester exams or are scheduled to appear for these exams soon.
Online and Offline transactions
At the Indian Institute of Foreign Trade, New Delhi, most MBA students appreciate the government's move to curb black money. However, some also voiced their concerns about the lack of liquid cash.
"It's definitely a positive move but armed with inconvenience. None of the ATMs near our campus has any money. For now, we're resorting to online transactions for bill and utility payments," says Sumit Pujara, a second-year MBA (International Business) student. Pujara said he planned to queue up with his fellow classmates in front of ATMs soon.
However, at IIT Bombay, even online transactions are becoming an issue. "Most students would go for Cash on Delivery (CoD) option. But now, both Amazon and Flipkart have stopped CoD orders," says Menon.
The situation is no better at Jamia Milia Islamia, Delhi. "Those who stay on their own, out of the campus, are feeling the pinch. There's no money left. It's effecting our daily needs. Some of us even had to borrow money to buy food. ATMs too are out of cash. And the ones that have cash have long queues in front of them. Where should we go?" asks Khalid Hasaan, second-year student of Post Graduate Diploma in Computer Applications at JMI.