No service charge on debit card usage, 82,000 ATMs re-calibrated so far: Shaktikanta Das

The government's decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.

By: Express Web Desk | New Delhi | Updated: November 23, 2016 4:39 pm
no service charge on debit card usage, Demonetisation, Demonetisation-Shaktikanta Das, Shaktikanta Das-Economic Affairs Secretary, concession to farmers, concession to wedding families, India news, demonetisation concession, demonetisation, Indian Express Railways will waive service charges on e-ticket booking till December 31. (AP Photo)

As the nation reels under the effects of demonetisation, Economic Affairs Secretary Shaktikanta Das on Wednesday announced a slew of measures to reduce the hardships being faced by the masses across the country. Addressing the media in the national capital, Das stated that 82,000 ATMs have been re-calibrated so far, adding that the rest of them will be re-calibrated within coming few days.

Among other measures, no service charge on use of debit cards will be levied while Public banks and a few private banks will waive the charge, according to Das. “Public Sector Undertakings and some private sector banks have agreed to waive service charge on use of debit card till December 31,” said the Economic Affairs Secretary, adding that Railways will waive service charges on e-ticket booking till Dec 31.

With an aim to mitigate farmers’ distress due to the demonetisation move, the Economic Affairs Secretary announced that the National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 21,000 crore to the District Central Co-operative Banks (DCCBs). He further said that NABARD and Reserve Bank of India have been directed to ensure that there is adequate cash supply available to the DCCBs.

He also announced that all digital transactions through feature phones will not be levied service charges till December 31. Highlighting relaxation made on E-wallets, Das said RBI has enhanced the limit from Rs 10,000 to Rs 20,000 in respect of individuals.

The government’s decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.

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  1. H
    Haru Mandal
    Nov 23, 2016 at 12:11 pm
    There is a huge difference between whether a particular ATM machine is re-calibrated and whether that machine is dispensing cash /dispensing new notes .The one in front my bank branch was re-calibrated 5-6 days back (last week) and still it is dead as it was all throughout. Even the old notes are not there. lt;br/gt;But good thing is - I could withdraw cash from that branch - which I did twice. No issues. A bit of extra line and time. lt;br/gt;BUT our FM has added a new word in our vocabulary - "NEW NORMAL". lt;br/gt;I think - this is/was supposed to be used by hifi Harvard/MIT or MBA Guru level people, "New NORMAL" - lt;br/gt;lt;br/gt;Embrace the "NEW Normal". ATM is working - but not working. For India, it was always "New USUAL" .
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      Mithun
      Nov 23, 2016 at 8:27 am
      Shame on govt on handling demonstration so poorly
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      1. D
        Dash
        Nov 23, 2016 at 12:57 pm
        The more these Pappus,Khujlis,Bibi Bombtaas speak on demonetization,the more they get exposed. Khujli's pokitical career is finished. Pappu and doulat ki beti corrupt Mayawati have lost slme thousands of crores. With chitfund money,commission from Malda fake currency racket gone,this Bombtaa Bano has become a political beggar. The frustration of these corrupt leaders is visible.
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          Black Angrez
          Nov 23, 2016 at 7:14 am
          Now it looks govt. is fooling public. They made a rule than an individual can withdraw Rs. 24000/- in a week from his account by cheque.lt;br/gt;lt;br/gt;I just came back from visiting 4 ICICI Bank branches in South Delhi. They said they will not allow cash withdrawl more than Rs. 5000/-
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            desikan
            Nov 23, 2016 at 7:07 am
            What is the use of calibrating ATM's when banks are in tremendous shortage of cash ? RBI Chennai says they are short of cash and hence they are giving instead 10 Re coins in exchange of old currency. This is the reality on ground but RBI does not put out any official statement in this regard.
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            1. S
              Sreenivasan
              Nov 23, 2016 at 7:13 am
              Good. Good. It is a pleasure to know that somebody have started thinking how to mitigate the problems faced by people because of the not-so-thought-up program of demonetization. My request is to print more currency notes in 10, 20, 50 and 100 (it will take a year if you start doing it parallel way on all notes), but it is must. We will suffer at least for six months from now to bring things to normalcy, but since PM requested us we will go through it. But please fill up the banks with small currency notes as soon as possible so that I can withdraw my cash which is only Rs.1950. Currently bank refuses to give me my money. They say you first deposit Rs.50 so that they can issue a Rs.2000 note. The total think process on this demonetization was wrong. It has to be turned anti-clockwise by its head so that the people involved start thinking on the problems of the poorest of poor people in India. We believe in a justice system that upholds its moto : A thousand culprits may go unpunished but not a single innocent should get punishment. In this case, lakhs are being punished with a blind hope that some blacky will fall in net.
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                jugnu Singh
                Nov 23, 2016 at 12:37 pm
                While supporting the move wheartedly, I will also like to be the devil's advocate ... I am beginning to agree with many who feel that the move will hit the consumption economy hard and it will be difficult for the nation to get out of the slow down within short period of time. The worst impact will be in small towns and the villages. Its a huge risk taken by the PM ... what I can't fail admire is the zeal of the PM. He may be the most transformative of all political leaders we ever had or he may be remembered in history as another 'Mohammed BinTughlaq'. Regardless, he will remain the central discourse of Indian politics, for good time to come.
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                  Parth Garg
                  Nov 23, 2016 at 8:13 am
                  Government is issuing a new threat daily. The citizens are on the tenterhook. The SC must act fast and provide succour to the citizens.
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