SBI yet to recalibrate 18,135 ATMs for new notes: RTI
Team Udayavani, Aug 24, 2018, 11:08 AM IST
Indore: Country’s largest lender State Bank Of India (SBI) is yet to recalibrate 18,135 automated teller machines (ATMs) even after 21 months of demonetisation, an RTI query has revealed.
The recalibration is a process, in which the cassettes in the ATMs that hold cash are modified to suit the size of the currency.
Madhya Pradesh based RTI activist Chandrashekhar Gaud had asked the SBI that how many ATMs have been recalibrated for dispensing the new currency notes of Rs 2,000, Rs 500 and Rs 200 denomination.
In a reply sent on August 18, SBI said that out of 59,521 ATMs, 41,386 have been recalibrated and an amount of Rs 22.50 crore was spent on this work.
Thus, it is evident that 18,135 ATMs at present are not able to dispense new currency notes.
On November 8, 2016, Prime Minister Narendra Modi had announced the demonetisation of currency notes of Rs 500 and Rs 1,000 denominations. After this, the Reserve Bank of India (RBI) had issued new currency notes of Rs 2,000, Rs 500 and Rs 200 in a phased manner.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls
Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
MUST WATCH
Latest Additions
BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board
Use Carnatic music to promote Kannada language: Nirmala Sitharaman
Udupi: Car collides with bike; Rider injured
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.