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Demonetisation: 82500 ATMs recalibrated to deposit new notes

About 40 percent cash vending machines which account for 82500 ATMs in the country have recalibrated to deposit new currencies of rs 500 and rs 2000.

About 40 percent cash vending machines which account for 82500 ATMs in the country have recalibrated to deposit new currencies of rs 500 and rs 2000.

These ATMs, out of 2.2 lakh ATMs,  have been reset as per the direction of a team set up by the Centre to expedite the process, Rituraj Sinha, President Cash Logistics Association of India, told.

The team headed by RBI Deputy Governor S S Mundra is giving priority to rural areas. The recalibrated ATMs are stocking 50-60 lakh rupees.

As a result, many ATMs hold cash longer and it is expected to get smaller the queues.

On a daily basis, about 12,000 to 14,000 ATMs are getting recalibrated.

“It is our endeavour to move towards normal ATM functioning by the end of this month,” Rituraj added.

 

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