22,500 ATMs to be recalibrated, says Jaitley
ATMs recaliberation was necessary as the machines were not programmed to dispense newly introduced Rs 2000 currency due to its changed specifications.
- Nov 17, 2016,
- Updated Nov 17, 2016 8:08 PM IST
Finance minister Arun Jaitley on Thursday said that 22,500 ATMs will be recalibrated to dispense new currency that have a fresh design and size.
"22,500 ATMs will be recalibrated today to allow withdrawal of Rs 100, Rs 500 and the Rs 2000 notes. Nearly 2 lakh ATMs exist as of now," Jaitley said.
He further said there is no immediate plan to launch the Rs 1000 note with a new design.
Earlier on Tuesday, Jaitley had explained why ATMs caliberetion was not performed before the announcement.
He said: "ATMs could not have been calibrated (before the announcement) because of secrecy issue. Thousands of people are involved in recalibration exercise (and) secrecy could not have been maintained. "
On November 8, the government scrapped high-value notes of Rs 500 and Rs 1000 to root out black money.
ATMs recaliberation was necessary as the machines were not programmed to dispense Rs 2000 notes due to its changed specifications.
Finance minister Arun Jaitley on Thursday said that 22,500 ATMs will be recalibrated to dispense new currency that have a fresh design and size.
"22,500 ATMs will be recalibrated today to allow withdrawal of Rs 100, Rs 500 and the Rs 2000 notes. Nearly 2 lakh ATMs exist as of now," Jaitley said.
He further said there is no immediate plan to launch the Rs 1000 note with a new design.
Earlier on Tuesday, Jaitley had explained why ATMs caliberetion was not performed before the announcement.
He said: "ATMs could not have been calibrated (before the announcement) because of secrecy issue. Thousands of people are involved in recalibration exercise (and) secrecy could not have been maintained. "
On November 8, the government scrapped high-value notes of Rs 500 and Rs 1000 to root out black money.
ATMs recaliberation was necessary as the machines were not programmed to dispense Rs 2000 notes due to its changed specifications.