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.