ATM Recalibration: Govt to recalibrate ATMs in top cities will begin with 12,500 ATMs daily. There are almost 2.5 lakh Automated Teller Machines in the country which the government will now be recalibrating in order to enable them to dispense the new currency notes of Rs 500 and Rs 2000.
ATM Recalibration- Automated Teller Machines will be recalibrated by RBI Taskforce, covering 30 cities in one month
This would imply a longer wait for the masses who are already troubled by the recent changes by in the maximum exchange limit, that has been reduced to Rs 2000 per day.
The task for recalibration will be headed by Reserve Bank of India Deputy Governor, S.S. Mundra. A meeting was held on Tuesday in which the guidelines for the process were laid down by the RBI.
The sources told that the task force will try to complete the task of recalibration in top 30 cities by the end of this month. Approximately 12500 ATMs will be recalibrated in one day.
As said by a government official, “It will take another one week for fifty percent of the ATMs to be recalibrated so that they can dispense the new Rs 500 and Rs 2000 notes.”
The total process is said to be tedious and will take a lot of time and resources to complete.
The problems are being faced by the masses since only Rs 100 notes are being withdrawn from the ATMs and also these run out of cash in mere 2 to 3 hours. With the coming of new machines, the new notes of Rs 500 and Rs 2000 would be easily withdrawn.