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SBI to calibrate 1,000 ATMs for Rs 2,000 notes by Monday

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  14 Nov 2016 12:00 AM GMT

Kolkata, Nov 13: State Bank of India (SBI) expects to calibrate 1,000 of its ATMs for Rs 2,000 currency notes by Monday night, its Chairman Arundhati Bhattacharya said on Sunday. “We are working hard to bring back normalcy in banking service. In all India level, we expect to calibrate 1000 ATMs with Rs 2,000 notes by tomorrow (Monday) night and many more ATMs will gradually be calibrated for new currency,” she said. ATMs in India have separate cassettes (boxes) to hold different denomitions of cash such as Rs 100, Rs 500 and Rs 1000 notes. Configurations of cassettes vary as per the currency they hold. Bhattacharya said the bank has started “reconfiguring ATMs’ cassettes for new Rs 500 and Rs 1000 notes”. New notes of Rs 500 would also be “available for dispensation in ATMs”, once they are available with the bank. Presently, banks have been refilling ATMs with Rs 100 notes. “We are replenishing ATMs with Rs 100 notes. But a ATM carries about 2,500 notes of Rs 100 denomition. These are going empty quickly after serving 125 persons on average,” she said. The banks are trying level best to provide Rs 100 notes, she added. (IANS)

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