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Rs 20, Rs 50 notes in ATMs soon: SBI chief

Rs 20, Rs 50 notes in ATMs soon: SBI chief
1/14
The SBI chief told ANI that in all of their branches in the southern states, the workload has dropped to almost 50 per cent, which is a sure sign that people are assured that they will receive the money at their own convenience.

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Rs 20, Rs 50 notes in ATMs soon: SBI chief
2/14
"But what takes the most time is manual recalibration. A person has to come and physically add the money when it runs out. We hope and are trying that we can sort this problem by end of November. And if the chaos subsides by then, then we will also start dispensing 50 and 20 rupee notes in coming days," she said.

In This Pic : demonetization

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Rs 20, Rs 50 notes in ATMs soon: SBI chief
3/14
Meanwhile, the government has set up a special task force headed by Deputy Governor of RBI to expedite the process of re-calibrating the ATMs to make them fully functional, which will work with different banks in this direction.

In This Pic : demonetization

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Rs 20, Rs 50 notes in ATMs soon: SBI chief
4/14
Addressing the media in New Delhi about Prime Minister's meeting on Sunday to review the demonetisation and its impact, Economic Affairs Secretary Shaktikanta Das said Monday that the ATM re-calibration has started and some of the ATMs will start dispensing higher denominations, including 2000 rupee notes, from today or tomorrow.

In This Pic : demonetization

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Rs 20, Rs 50 notes in ATMs soon: SBI chief
5/14
The ATM limit has also been increased to 2,500 rupees, however it will be disbursed only by the re-calibrated ATMs.

In This Pic : demonetization

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