Currency in surplus, ATMs being monitored daily: Jaitley

February 15, 2017 21:20

Finance Minister Arun Jaitley today said the currency is in surplus and the ministry is monitoring status of ATMs on a daily basis to sort out operational issues.

"The Department of Financial Services is collecting details about money in ATMs. There might be a few operational issues in some locations... I get report on a daily basis... we are monitoring it so that these kinds of situations do not arise. Currency as of now is in surplus, there is no shortage," the minister said.

He was replying to queries on several ATMs, including in Delhi, running dry.

Financial Services Secretary Anjuly Chib Duggal said her department is monitoring the situation on a daily basis on how much money was loaded in ATMs and how much is remaining that can be used further.

Echoing Jaitley, she said: "As of now, there is no currency shortage or shortage at ATMs. It might be in cases of offsite ATMs because they are being loaded by the agents so there might be some gap in such cases."

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