It will take 10 more days for ATMs to work normally: SBI chief
November 10, 2016 20:30
Banking giant State Bank of India today said normalisation of ATM services will take another ten days as the number of machines is huge but the vendors providing services are few.
The government, however, has said that most of the ATMs will be back in operation from Friday.
"Re-configuration (of ATMs), as we have done in the past, takes time so it has to be done one by one. 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," bank's chairman Arundhati Bhattacharya said.
Some of the bigger players providing ATM service are NCR Corporation and Hitachi.
She said many of the ATMs which are configured to dispense Rs 500 or Rs 1,000 notes can not dispense Rs 100 notes, so they have to be reconfigured now. She advised the customers to also use 'point of sale' machines, where they can withdraw up to Rs 2,000.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances