Demonetisation: 85% ATMs recalibrated till November 30

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It was informed in Parliament on Friday that around 85 percent of ATMs in the country have been recalibrated by November 30 for the new currency notes.

"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.

Demonetisation: 85% ATMs recalibrated till November 30 | Zee News
 
what is the use of calibrating them to handle new currency, unless they are filled. The central govt has revealed, in court, that they purposely printing new notes slowly.... As of now the banks have received entire 14.87 Lakh Crore of  1000 and 500 notes. Modi's plan has miserably failed as the elite group already converted they money in to white. The result of the operation has left pains only to middle class as usual.
 
mpvelu said:
what is the use of calibrating them to handle new currency, unless they are filled. The central govt has revealed, in court, that they purposely printing new notes slowly.... As of now the banks have received entire 14.87 Lakh Crore of  1000 and 500 notes. Modi's plan has miserably failed as the elite group already converted they money in to white. The result of the operation has left pains only to middle class as usual.
Do you hv any better plan to curb black money?

Only raising question will not solve black money issue just like opposition parties are doing. If you hv a better plan then Plz share with us. May be we can forward it to our PM

 
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