ATMs to dispense new notes after 2-3 weeks: Jaitley -Governance Now

ATMs to dispense new notes after 2-3 weeks: Jaitley

If ATMs were recalibrated before the announcement then there would have been no secrecy.

GN Bureau | November 12, 2016

#ATMs #currency #Arun Jaitley

It will take another two to three weeks for ATMs to get recalibrated in order to dispense new currency notes of Rs 500 and 2,000 denominations, said finance minister Arun Jaitley on Saturday.

Calling it “technology limitation”, Jaitley said that it takes time to recalibrate ATMs as the size of new notes is different from the old ones.

“Technical people have to go to each ATM to make them compatible with new note. It will take time,” Jaitley said.

There are more than two lakh ATMs across the country. “If they were recalibrated before (the announcement to scrap the Rs 500 and Rs 1,000 currency notes), then there would have been no secrecy,” said Jaitley while addressing the media in Delhi on the problems being faced by people due to demonitisation of currency.

He stressed that people are co-operative and the situation is “calm” on the ground. He added that banks have “sufficient” amount of new notes, and that people need not to be in a hurry to withdraw cash.

Comments

Other News

‘Gandhi’s Spiritual Politics: Austerity, Fasting and Secularism’

On the occasion of the birth anniversary of Mahatma Gandhi, renowned academic publishers Sage have opened access to many notable articles and essays on the Father of the Nation. Here we reproduce an excerpt from one of them, well-known historian Amar Farooqui’s highly original and detailed article in

Bharatiya Bhasha Utsav, Technology & Bharatiya Bhasha Summit launched

Union Minister for Education and Skill Development & Entrepreneurship Dharmendra Pradhan Saturday launched the Bharatiya Bhasha Utsav and inaugurated the two-day Technology & Bharatiya Bhasha Summit in New Delhi. The summit aims to facilitate a seamless transition from the current education ecosyst

India retains 40th rank in the Global Innovation Index 2023

India has retained the 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization. India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023. Inn

Vibrant Gujarat not just about branding, also an event of bonding: Modi

Prime minister Narendra Modi addressed the programme marking 20 years celebration of the Vibrant Gujarat Global Summit at Science City in Ahmedabad on Wednesday. The Vibrant Gujarat Global Summit was started 20 years ago, on September 28, 2003, under the leadership of Modi, then chief minis

AI in education: How to embrace the change (and why)

It is often said that industry is at 4.0 and education is at 2.0. To transform education in line with artificial intelligence (AI), it is imperative to adopt what companies like Google are doing. We must learn to grow along with AI as AI is going to grow. There is a need to evolve the mindsets of educators