47000 ATMs calibrated to issue new notes
Posted on: 21/Nov/2016 10:58:49 AM
47,000, ATMs have been recalibrated since the exercise began last Wednesday, to enable them to start dispensing the new Rs.500 and Rs.2000 denomination bank notes.
The task force for reactivation of ATMs which was set up under the chairmanship of the Reserve Bank of India deputy governor S.S. Mundra aims to recalibrate all the ATMs in at least the top 30 cities of the country by the end of this month. The country has a total of 2.2 lakh ATMs.
The Rs.500 and Rs.1000 denomination currency notes were withdrawn by the government with effect from November.
Priority has been given to the printing of Rs.500 denomination notes now.
