Normalisation of ATM services will take another ten days: SBI chairman

"It should be normal in ten days' time because you have to understand that there are two lakh ATMs (of all banks) in the country but there are only three to four vendors in the country," SBI's chairman Arundhati Bhattacharya said in Mumbai.

By: PTI | Mumbai | Published:November 10, 2016 9:27 pm
Que outside ATM center after PM Modi announced 1000 and 500 rs notes not working in regular use at ATM in Mohammad Ali Road. Express photo by Prashant Nadkar, 08th November 2016, Mumbai. Queue outside ATM center after PM Modi announced Rs 1000 and 500 notes not working in regular use at ATM. (Source: File/Express photo by Prashant Nadkar)

Banking giant State Bank of India on Thursday said normalisation of ATM services will take another ten days as the number of machines is huge but the vendors providing services are few. The government, however, has said that most of the ATMs will be back in operation from Friday. “Re-configuration (of ATMs), as we have done in the past, takes time so it has to be done one by one. It should be normal in ten days’ time because you have to understand that there are two lakh ATMs (of all banks) in the country but there are only three to four vendors in the country,” SBI’s chairman Arundhati Bhattacharya said in Mumbai.

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Some of the bigger players providing ATM service are NCR Corporation and Hitachi. She said many of the ATMs which are configured to dispense Rs 500 or Rs 1,000 notes can not dispense Rs 100 notes, so they have to be reconfigured now. Bhattacharya said sending cash to the peripheral centres is also a challenge as it needs both transport as well as adequate security.

“In several states money has to be airlifted and it depends on the weather since the money is transported in helicopters. So there could be some problems with the peripheral areas,” she said. She advised the customers to also use ‘point of sale’ machines, where they can withdraw up to Rs 2,000. The government on Tuesday demonetised Rs 500 and Rs 1,000 notes in a step to curb black money. Following the move banks were closed on Wednesday to stock lower denomination notes. They opened on Thursday.

Long queues were seen on Thursday at banks as thousands flocked to deposit scrapped notes and withdraw lower-denomination and new banknotes.

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  1. R
    ranjeet gupta
    Jan 28, 2017 at 4:30 pm
    Post your opinion...we need ATM at melli , N H-10
    Reply
    1. M
      Mukesh
      Nov 11, 2016 at 8:09 am
      All SBI ATMs still (11 Nov 2016, 1:30PM afternoon) closed.lt;br/gt;SBI M. G. Marg says no currency.lt;br/gt;SBI Deorali says RBI asked them to keep the ATM closed
      Reply
      1. M
        Mukesh
        Nov 11, 2016 at 8:12 am
        All SBI ATMs still (11 Nov 2016, 1:30PM afternoon) closed at Gangtok.lt;br/gt;SBI M. G. Marg says no currency.lt;br/gt;SBI Deorali says RBI asked them to keep the ATM closed
        Reply
        1. P
          PN badri
          Nov 10, 2016 at 5:13 pm
          Another 3/4 months Indian mes will face currency crunch considering our government poor infrastructure and rural people very badly hit and nobody is highlighting their hardship due to midnight decision. Government sponsored economic mess.
          Reply
          1. M
            mathimathi
            Nov 10, 2016 at 4:40 pm
            until then, what about the fate of daily wage peoples. banking white-collar job s
            Reply
            1. M
              mathimathi
              Nov 10, 2016 at 7:47 pm
              Is any bank staff arrived promptly on bank time?. and they will not work beyond 11.59 PM IST except the banl night watchman guard. You must have some brain
              Reply
              1. O
                Ozair Akhtar
                Nov 10, 2016 at 9:33 pm
                Now very first time I can see public abusing other members of public (see the comments below) more robustly!
                Reply
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