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Demonetisation: 2 lakh ATMs need recalibration, say reports

It has been reported that ATMs have to be recalibrated according to the new notes size to be able to dispense the new currency.
ATMs

In the latest reports, the Finance ministry is facing troubles with dispense of cash from ATMs.

In a report of CNN News 18, it quoted top officials of Finance Ministry claiming that most of the ATMs are not working due to the note size. It has been reported that ATMs have to be recalibrated according to the new notes size to be able to dispense the new currency.

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The officials added that around two lakh ATMs had to be recalibrated according to the new denomination of notes, out of which only one lakh ATMs have been recalibrated yesterday, and remaining one lakh have to be recalibrated now.

It has been claimed that recalibrated ATMs will be infused with cash today, in order to help exchange of notes following the currency ban imposed in the country.

The trouble is with the ATMs unable to read the new note size, and therefore, sensors are unable to dispense notes. In the process of recalibration, ATM sensors have to be changed to enable them to dispense the new currency of the country.

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We would like to inform you that previous size of notes was 150mm x 63mm for 500 rupee notes, 177mm x 73mm for 1000 rupee notes and now it is 66mm x 166mm for 2000 rupee notes and 66mm x 150mm for new 500 rupee notes.

On the night of November 8, Prime Minister Narendra Modi had scrapped 500 and 1000 rupee denominations and introduced new 2000 and 500 rupee notes which had to be received in exchange of new currency.

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And since that night, the country is witnessing chaos all over. The queues outside banks are ever increasing, ATMs have longer queues, and either some have notices of ‘out of service’ while some others have shutters down.

The Public has been standing in queues outside banks for the fourth consecutive day today and major stampedes have also been reported with the chaos. Many people have stood in line since early in the morning to the time banks close, and have left empty handed with currency not being available or unending queues.

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