Kumari Palany & Co

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ATMs to carry Rs. 2000 notes in a weeks time

Posted on: 12/Nov/2016 3:25:33 PM
Industry experts have said that even as ATMs will provide only Rs. 100 denomination of notes when they open on Friday, Rs. 2,000 notes would take a week’s time to be made available.

A senior official of an ATM services firm said, Rs. 2,000 notes will be available at bank branches. We have loaded ATMs with only Rs. 100 notes as of now. The new Rs. 2000 notes would need testing and change in configuration. Testing and configuration has to be carried out for dispensing the notes through ATMs, once they are received and this will take time.

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