ATMs not equipped to dispense new notes, require machine reconfiguration: Report

Demonetisation: Across major metro cities, police security is being provided to banks in the event of public becoming angry and unruly. ATMs were reported to run out of cash within hours of being stocked.

By: Express Web Desk | New Delhi | Published:November 12, 2016 1:14 pm
A man counts currency after withdrawing from an ATM in Hyderabad, Friday, Nov. 11, 2016. (AP Photo/Mahesh Kumar A.)

Even as queues get longer and longer in front of banks and ATMs across the country in the wake of government’s demonetisation move, there’s more harrowing news in store. A report in the Hindustan Times, quoting government sources, said it will take longer for ATMs to dispense new Rs 500 and Rs 2000 notes as those are reportedly of different design and size. The report said the ATMs will have to be ‘calibrated’ and ‘reconfigured’ in order to dispense the new notes.

Delhi Chief Minister Arvind Kejriwal also mentioned the ATMs’ dispensing problems during his press conference earlier today.

An official who manages logistics services of several banks in Delhi-NCR told HT that to reconfigure ATM machines, an engineer has to make a physical visit to ATMs and spend at least three to four hours.

Prime Minister Narendra Modi on Tuesday made the announcement to withdraw Rs 500 and Rs 1000 currency notes to tackle corruption and bring back black money. The move has caused much chaos across the country with people finding it hard to avail new currency from banks and ATMs. There were also reports of women and elderly citizens collapsing while standing in the queues.

Across major metro cities, police security is being provided to banks in the event of public becoming angry and unruly. ATMs were reported to run out of cash within hours of being stocked.

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  1. A
    Nov 12, 2016 at 11:14 am
    another Surgical;br/gt;lt;br/gt;Now on innocent, old, elderly, housewives, medical emergency patients, foreigner;br/gt;lt;br/gt;Untold stories of troubled millions...but govt keeps playing its parrots...
  2. A
    Anand Sudan
    Nov 12, 2016 at 3:34 pm
    It seems you are a holder of black money. If not you should have supported the by the PM's war against black money which is eating into the vitals of national economy. The people of the entire nation is supporting the govt move as it will bring down land prices apartments, rent rate etc
    1. A
      Nov 12, 2016 at 10:16 am
      How can Govt go with its plan of removing Rs 500 and 1000 notes from circulation lt;br/gt; with such type of function of ATMs ?There is something wrong with Banks administration in filling new notes with ATM.Let us of next week everything will run smoothly and no hardship to common man.
      1. C
        Nov 12, 2016 at 12:42 pm
        Tell this problem to Modi's blind bhakt
        1. H
          Nov 12, 2016 at 9:54 am
          That constructive comments on the problems faced by the Public is being met with dislike by Paid agents on social;br/gt;lt;br/gt;Given reports about certain people being Privy to the withdrawal decison by the PM and Huge cash in 500 and 1000 denomination haviing been deposited in Party account in;br/gt;lt;br/gt;The BJP President of WB has accepted the report about;br/gt;lt;br/gt;But the BJP spokespersons elsewhere simply refuse to accept nor reject the;br/gt;lt;br/gt;To add you have Paid employees to do propoa about the Decision and ignore charges of selective leak before the;br/gt;lt;br/gt;This singly means that a Court monitored Enquiry is absolutely necessary to scrutnise Bank accounts of the BJP and other Big Wigs in the BJP
          1. J
            jugnu Singh
            Nov 12, 2016 at 8:39 pm
            Lack of preparation for unrolling such a huge policy change is shocking, to say the least...people are bearing all the pain in the national interest but after a while, if the pain remains unameliorated, peole will start questioning Government decision.
            1. M
              Nov 12, 2016 at 8:10 am
              Why half-truths has been told by PM about ATM machine.
              1. M
                mast kalandar
                Nov 12, 2016 at 9:22 am
                YOU guys have been told One-Fourth-Truth about your prophet and religion and have been brainwashed! Hence everything else in the world appears half-truth to you
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