Demonetisation: Half of ATMs to be recalibrated by next week to dispense new Rs 500, Rs 2000 notes

Currently, the ATM withdrawal limit from savings bank accounts stands at Rs 2,500 a day, but most ATMs are dispensing only Rs 2,000 notes or Rs 100.

By: PTI | New Delhi | Published:November 16, 2016 8:29 pm
Demonetisation, ATM, Demonetisation ATM, ATM new notes, ATM new 500 notes, Demonetisation news To dispense these new design notes, the ATMs need to be recalibrated.

With seemingly never-ending queues in front of banks and post offices, the government on Wednesday said it will take one more week to recalibrate half of the cash vending two lakh ATMs to dispense the new 500 and 2,000 rupee notes. An official said the government has stepped up printing of new 500 rupee notes so that it can be made available to people. Currently, the ATM withdrawal limit from savings bank accounts stands at Rs 2,500 a day, but most ATMs are dispensing only Rs 2,000 notes or Rs 100. “It will take another one week for 50 per cent of the ATMs to be recalibrated so that they can dispense the new 500 and 2,000 rupee notes,” the official said.

The government is now focusing on making cash available on offsite ATMs as well, he added. Prime Minister Narendra Modi had on November 8 said Rs 500 and Rs 1000 notes will cease to be legal tender and asked people holding such notes to deposit or exchange the same with banks. He had said new Rs 2,000 and Rs 500 notes would be introduced with different color and design.

To dispense these new design notes, the ATMs need to be recalibrated. Finance Minister Arun Jaitley said on Saturday that it will take up to three weeks for all two lakh ATMs in the country to be recalibrated.

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    Apurv
    Nov 17, 2016 at 5:48 am
    Time and again this country has proved it has little appee to bear pain for the overall betterment of the society..lt;br/gt; lt;br/gt;The same thing was witnessed when the IA aircraft was hijacked and how govt. was brought to its knees by wailing people. The result was release of terrorists who kill Indians to this day..lt;br/gt;lt;br/gt;and yet again ugliest role pla by media
    Reply
    1. E
      Earthkeeper
      Nov 16, 2016 at 4:01 pm
      It can only happen in this country. If it was United States people would have already burnt the white house
      Reply
      1. G
        George
        Nov 19, 2016 at 2:21 am
        Exactly. Indians can shed only crocodile tears. They are most selfish people in the world. Look at the amount that is being donated at temples ,mosques etc, for whom? God helps those who help themselves,instead we try to bribe God if it fails we bribe fellow human beings and preach from roof tops.
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          Anthony
          Nov 16, 2016 at 11:46 pm
          Modi is uprooting the lives of almost half of the people of this country who are poor He is not uprooting black money which he himself said is sitting in Swiss Bank and Europe. 35 known deaths, we should call it cold blooded Murder by Modi Regime who is driving the country closer towards civil war with every new death.
          Reply
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            avd
            Nov 16, 2016 at 11:16 pm
            Whatever has been done by Narendra Modi, it is in the interest of Indian Economy and also uprooting and unearthing Black moneys from our economy. However it is seen by Public that those who have Black moneys are trying to derail his move with help of some political parties. Nevertheless Public is always with Narendra Modi. Some political parties are worried about if Modi Govt succeeds in its mission on black moneys then it is difficult for them to come to power or remain in power.That is why Mamata Banejree and Arvind Kejriwal are against Demonetization and they want to derail it to serve their interest to remain in power without good governance.
            Reply
            1. S
              srinivas cvjanu
              Nov 16, 2016 at 4:16 pm
              Really?
              Reply
              1. g
                guru592006
                Nov 16, 2016 at 3:17 pm
                To lt;br/gt;Modijilt;br/gt;lt;br/gt;I am a poor person. Till your announcement of withdrawal of notes from the system, all political parties were takeing care of my needs, like 3 time food, medicine, education of my children, a place to live . After you withdrew the money I am on the roads now. Please withdraw your notification and allow the political parties to help me
                Reply
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                  Avinash Singh
                  Nov 17, 2016 at 4:48 am
                  It's sad to see, media is only bringing negativity about demonetisation.lt;br/gt;Media is no more responsible.
                  Reply
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