After Spending Hundreds Of Crores On Recalibration, Half Of The ATMs In India Face Shutdown
- December 4, 2019
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Post demonetisation some 2.4 lakh Automatic Teller Machines (ATM) across the country were first recalibrated to dispense the newly introduced Rs 500 and Rs 2,000 notes.
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Immediately after that, the ATMs had to be once again recalibrated to accommodate the newly introduced Rs 200 denomination notes.
Even before the recalibration of ATMs to dispense Rs 200 notes were completed, the government introduced the new Rs 100 notes, with a new dimension of 66 mm x 142 mm as against the current note’s dimension of 157 mm x 73 mm. This effectively meant that the machines had to be recalibrated once again!