TF to expedite recalibration of ATMs
Source: The Sangai Express / PTI
New Delhi, November 14 2016:
Government has set up a task force under the chairmanship of RBI Deputy Governor SS Mundra to ensure that ATMs across the country are ready to dispense higher denomination notes in the shortest time to lessen the problems faced by people after the demonetisation decision.
"The number of ATMs which will be recalibrated and which can dispense Rs 2,000 notes will be stepped up�To make this whole process faster, to expedite this whole process, a task force was decided to be set up under the Chairmanship of Deputy Governor," Economic Affairs Secry Shaktikanta Das said.
The team has been mandated to work closely with banks and various agencies involved in disbursement of cash and recalibration of hardware and software of the ATM network, he said.
"The task force would ensure that ATM network is activated in the quickest time," he said, adding that it will have its first meeting either today or tomorrow.
The 8 member task force, which will have officials from Finance Ministry, Home Ministry and banks, has been mandated to expedite reactivation of all ATMs.