18,135 ATM of SBI still unable to give new notes!
Friday - August 24, 2018 1:06 pm ,
Category : WTN SPECIAL
Question on RBI decision, why not printing of new notes according to ATM
AUG 24 (WTN) - Banking system in India seems in on the mercy of God. After demonetization, India public is facing difficulties every day due to the Banking Sector’s ‘arbitrary’ decisions. Every day ‘any new rule’ being circulated form the banks, therefore customers are facing problems. After demonetization, the RBI had printed notes of Rs 200, Rs 500 and Rs 2,000, but the size of notes, during printing, were kept different so the ATM are being recalibrated to be compatible.
But the limit is limit, even after 21 months of the demonetization, 18,135 ATMs of State Bank of India (SBI), the largest bank in the public sector, could still not be compatible to new notes. According to information received from the media, however, during this period, the bank has prepared 41,386 ATMs in accordance with the new notes at the cost of Rs 22.50 crore.
According to the information, when Chandra Shekhar Gaur, form Neemuch (Madhya Pradesh) put RTI in State Bank, it was revealed. According to SBI, 41,386 ATMs of 59,521 ATMs of the bank have been recalibrated so far and amount of Rs 22.50 crore has been spent on this work.
At the same time SBI has clarified that at present, 18,135 ATMs have not been able to give new notes to the customers. Here, the Reserve Bank recently issued new notes of Rs 100 and Rs 50. For your information, let you know that according to these notes, the banks will also have to recalibrate ATM again.
The big question is why printing of notes is not going to accordance the ATM machine at all. If the size of the notes remained different every time, would the time and rupee be spent on recalibrating the ATM machine to the notes every time? After the demonetization, the public has to face difficulties due to the functioning of the Reserve Bank and the public sector banks. SBI's still 18,135 ATMs in the country have not been able to give the new notes worth mentioning. In such a situation, who is responsible for the problems faced by the public?
AUG 24 (WTN) - Banking system in India seems in on the mercy of God. After demonetization, India public is facing difficulties every day due to the Banking Sector’s ‘arbitrary’ decisions. Every day ‘any new rule’ being circulated form the banks, therefore customers are facing problems. After demonetization, the RBI had printed notes of Rs 200, Rs 500 and Rs 2,000, but the size of notes, during printing, were kept different so the ATM are being recalibrated to be compatible.
But the limit is limit, even after 21 months of the demonetization, 18,135 ATMs of State Bank of India (SBI), the largest bank in the public sector, could still not be compatible to new notes. According to information received from the media, however, during this period, the bank has prepared 41,386 ATMs in accordance with the new notes at the cost of Rs 22.50 crore.
According to the information, when Chandra Shekhar Gaur, form Neemuch (Madhya Pradesh) put RTI in State Bank, it was revealed. According to SBI, 41,386 ATMs of 59,521 ATMs of the bank have been recalibrated so far and amount of Rs 22.50 crore has been spent on this work.
At the same time SBI has clarified that at present, 18,135 ATMs have not been able to give new notes to the customers. Here, the Reserve Bank recently issued new notes of Rs 100 and Rs 50. For your information, let you know that according to these notes, the banks will also have to recalibrate ATM again.
The big question is why printing of notes is not going to accordance the ATM machine at all. If the size of the notes remained different every time, would the time and rupee be spent on recalibrating the ATM machine to the notes every time? After the demonetization, the public has to face difficulties due to the functioning of the Reserve Bank and the public sector banks. SBI's still 18,135 ATMs in the country have not been able to give the new notes worth mentioning. In such a situation, who is responsible for the problems faced by the public?
