SBI yet to recalibrate 18,135 ATMs for new notes: RTI
Country's largest lender State Bank Of India (SBI) is yet to recalibrate 18,135 automated teller machines (ATMs) even after 21 months of demonetization, an RTI query 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 filed the RTI. Here's more.
Of 59,521 ATMs, 41,386 have been recalibrated: SBI
Gaud had asked the State Bank of India 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.
Modi had announced the demonetization on November 8, 2016
On November 8, 2016, Prime Minister Narendra Modi had announced the demonetization of currency notes of Rs. 500 and Rs. 1,000 denominations. After this, the RBI had issued new currency notes of Rs. 2,000, Rs. 500, and Rs. 200 in a phased manner.
