Almost 85% ATMs recalibrated till November 30: Government

Almost 85 per cent cash dispensing machines have been recalibrated by November 30 to fit the new notes, Parliament was informed on Friday. "Till November 30, a total of 179,614 ATMs have been recalibrated. There
ATMs, Government, Parliament Source: PTI
India TV Business Desk New Delhi December 09, 2016 23:26 IST

Almost 85 per cent cash dispensing machines have been recalibrated by November 30 to fit the new notes, Parliament was informed on Friday.

"Till November 30, a total of 179,614 ATMs have been recalibrated. There are 211,594 ATMs of scheduled commercial banks and 14,324 white label ATMs in the country according to September 30 data," Minister of State for Finance Santosh Kumar Gangwar told the Lok Sabha in a written reply.

He said that the government has advised the banks to deploy micro-ATMs in the rural areas and as on December 2, a total of 1,14,036 micro-ATMs have been deployed.

He also said that scheduled commercial banks, excluding regional rural banks, do not need permission from the Reserve Bank of India (RBI) to set up ATMs at their branches and extension counters.

 

"Under some set of conditions the banks can set up ATMs at off-site locations as well," he said

(With inputs from IANS)

 
Chunav Manch Gujarat 2017
 
 
 
Assembly Elections 2017
 
 

You May Like

   
 

More from business

 
 
Assembly Elections 2017