Saturday, November 12, 2016

ATMs to disburse new currency by early Dec

New Delhi : The Finance ministry said that the ATMa will be able to disburse new currency notes only by early December as recalibration of the machines requires both hardware and software modifications. 
"Recalibration (requires both software and hardware changes) of ATMs is going on, which will be completed by end of this month or early December. Other denominations will then be disbursed by ATMs," a statement from Finance Ministry said.
"Presently only Rs 100 notes are being disbursed from the ATMs. Out of 2 lakh ATMs, about  1.2 lakh are operational," it added.
Taking stock of the issuance of new currency notes of the public, Finance Ministry said that a total of over seven crore transactions have taken place in less than three days after the demonetisation announced.
"A total of over 7 crore transactions have taken place from November 9 up to mid-day of November 12(i.e in the last two and a half days) for deposit, exchange of old notes and withdrawal from ATM and over the counter," it said.
"There is sufficient cash availble with RBI and Banks. They were advised step up the supply of cash to the public," the statement said.

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