Anger, frustration at ATMs as people wait in long queues for hours
After the two day shutdown, ATMs are now dispensing Rs 100, new Rs 500 and Rs 2000 notes.
![A man counts Indian rupee banknotes after withdrawing them from State Bank of India ATM in Kolkata, India, November 11, 2016 [Photo: Reuters]](https://akm-img-a-in.tosshub.com/businesstoday/images/story/201611/sbi_660_111116112902.jpg?size=948:533 "A man counts Indian rupee banknotes after withdrawing them from State Bank of India ATM in Kolkata, India, November 11, 2016 [Photo: Reuters]")
- Nov 11, 2016,
- Updated Nov 11, 2016 4:24 PM IST
ATMs on Friday reopened two days after the government introduced the demonetisation of Rs 500 and Rs 1000 notes to crack down on black money.
The banks that had been open for cash transactions and to issue the new legal tenders saw a huge rush of cutomers lining up to deposit and exchange notes on Thursday.
After the two day shutdown, ATMs are now dispensing Rs 100, new Rs 500 and Rs 2000 notes.
Customers were seen rushing to ATMs and waiting in long queues since early hours.
Meanwhile, withdrawal from banks are limited to Rs 10,000 a day.
State Bank of India said that it could easily take over 10 days until ATM servies go back to normal.
"It should be normal in ten days' time because you have to understand that there are two lakh ATMs (of all banks) in the country but there are only three to four vendors in the country," said SBI's chairman Arundhati Bhattacharya.
Surcharges of using ATMs of different banks have been waivered for the ease of customer transactions for now.
Banks will also remain open through the weekend with longer working hours.
ATMs on Friday reopened two days after the government introduced the demonetisation of Rs 500 and Rs 1000 notes to crack down on black money.
The banks that had been open for cash transactions and to issue the new legal tenders saw a huge rush of cutomers lining up to deposit and exchange notes on Thursday.
After the two day shutdown, ATMs are now dispensing Rs 100, new Rs 500 and Rs 2000 notes.
Customers were seen rushing to ATMs and waiting in long queues since early hours.
Meanwhile, withdrawal from banks are limited to Rs 10,000 a day.
State Bank of India said that it could easily take over 10 days until ATM servies go back to normal.
"It should be normal in ten days' time because you have to understand that there are two lakh ATMs (of all banks) in the country but there are only three to four vendors in the country," said SBI's chairman Arundhati Bhattacharya.
Surcharges of using ATMs of different banks have been waivered for the ease of customer transactions for now.
Banks will also remain open through the weekend with longer working hours.