Federal Bank dispenses Rs 2,000 note through recalibrated ATMs

Five ATMs of the bank have been re-calibrated to dispense the larger denomination notes, the release said.

By: PTI | Kochi | Updated: November 18, 2016 1:38 pm
demonetisation, currency ban, note ban, 500 rupee ban, 1000 rupee ban, congress, congress on currency ban, rbi, reserve bank of india, working atms, atm cas refill, atm cash availability, business news, india news A brand new Rs 2000 currency note. (Source: Express Photo by Arul Horizon)

Kerala-based Federal Bank on Tuesday claimed that it was one of the earliest in the country to dispense Rs 2,000 notes through its re-calibrated ATMs. “The Federal Bank ATM at Thevara in Kochi successfully dispensed Rs 2,000 denomination notes to customers,” the Bank said in a release.

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Five ATMs of the bank have been re-calibrated to dispense the larger denomination notes, it said, adding, the bank was among the earliest in the country to dispense Rs,2000 notes through its ATMs.

As people across the state are grappling with cash crunch after demonetisation of Rs 1,000 and Rs 500 notes, Shalini Warrier, Chief Operating Officer of the bank, informed that 25 per cent of the Banks’ ATMs will be re-calibrated within the next 72 hours so that they can dispense Rs 2,000 notes to the needy.

The bank also claimed that it has been in the forefront in extending customers convenience by leveraging technological capabilities.