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SBI Yet To Make 18,135 ATMs Ready For New Notes, Reveals RTI Query
Country's largest lender State Bank Of India (SBI) is yet to recalibrate 18,135 automated teller machines (ATMs) even after 21 months of demonetisation, an RTI query has revealed.
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100 Crore Needed To Make ATMs Ready For New Rs 100 Notes: ATM Operators
The ATM operations industry today said introduction of a new Rs 100 note creates many challenges and an investment of Rs 100 crore will be required to recalibrate the country's 2.4 lakh machines.
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Rs 200 Notes Are Here But Don't Go To ATMs For Them
Crisp, yellow Rs 200 notes debuted today but they will not be available at ATMs just yet. That is because the machines have not been reconfigured to fit the new currency.
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At SBI ATM In Delhi, Fake Rs 2,000 Notes By 'Children Bank of India'
A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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Man Gets Rs 500 Notes With One-Side Blank In Madhya Pradesh
Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.
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In Bengaluru, A Photojournalist Captures People After Notes Ban
The queues are almost gone and ATMs are largely back to normal, but images of India queuing up to deposit old notes and take out new ones are engraved in our memory.
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PM Narendra Modi's Speech On Demonetisation On New Year's Eve: Highlights
Prime Minister Narendra Modi addressed the nation on the notes ban, which he announced on November 8 without warning as a big step to check tax evasion. The deadline to deposit banned 500 and 1,000 notes in banks ended yesterday. Restrictions on the withdrawal of money from banks and ATMs are likely to continue. The notes that were cancelled amount...
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50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
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Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
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Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
-
Cash Withdrawal Restrictions May Continue Beyond December 30, Say Bankers
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes.
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
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India's New Bank Notes Already Being Used For Corruption: Foreign Media
On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.
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Focus Now On Printing 500 Notes, Says Government: Highlights
The government today said that the new 500 and 2,000-rupee notes have been completely designed in house and so their security features are very secure.
-
SBI Yet To Make 18,135 ATMs Ready For New Notes, Reveals RTI Query
Country's largest lender State Bank Of India (SBI) is yet to recalibrate 18,135 automated teller machines (ATMs) even after 21 months of demonetisation, an RTI query has revealed.
-
100 Crore Needed To Make ATMs Ready For New Rs 100 Notes: ATM Operators
The ATM operations industry today said introduction of a new Rs 100 note creates many challenges and an investment of Rs 100 crore will be required to recalibrate the country's 2.4 lakh machines.
-
Rs 200 Notes Are Here But Don't Go To ATMs For Them
Crisp, yellow Rs 200 notes debuted today but they will not be available at ATMs just yet. That is because the machines have not been reconfigured to fit the new currency.
-
At SBI ATM In Delhi, Fake Rs 2,000 Notes By 'Children Bank of India'
A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
-
Man Gets Rs 500 Notes With One-Side Blank In Madhya Pradesh
Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.
-
In Bengaluru, A Photojournalist Captures People After Notes Ban
The queues are almost gone and ATMs are largely back to normal, but images of India queuing up to deposit old notes and take out new ones are engraved in our memory.
-
PM Narendra Modi's Speech On Demonetisation On New Year's Eve: Highlights
Prime Minister Narendra Modi addressed the nation on the notes ban, which he announced on November 8 without warning as a big step to check tax evasion. The deadline to deposit banned 500 and 1,000 notes in banks ended yesterday. Restrictions on the withdrawal of money from banks and ATMs are likely to continue. The notes that were cancelled amount...
-
50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
-
Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
-
Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
-
Cash Withdrawal Restrictions May Continue Beyond December 30, Say Bankers
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes.
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
-
India's New Bank Notes Already Being Used For Corruption: Foreign Media
On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.
-
Focus Now On Printing 500 Notes, Says Government: Highlights
The government today said that the new 500 and 2,000-rupee notes have been completely designed in house and so their security features are very secure.
