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ATMs continue to run dry

According to sources, 60 per cent of ATMs are cash-starved with those in remote locations worse off

BS Reporters  |  Mumbai/Chennai/Kolkata/New Delhi 

The majority of ATMs continue to run dry as the demonetisation exercise draws to a close. According to sources, 60 per cent of ATMs are cash-starved with those in remote locations worse off. Experts say although ATMs have been re-calibrated to dispense new notes, they are being fed only at a fraction of their capacity. Manjunath Rao, senior vice-president and head of sales at CMS Infosystems, says after re-calibration  ATMs can hold about Rs 42 lakh on average but his company is not  loading more than Rs 6.76 lakh in a machine. “On any given day, we do not ...


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First Published: Sat, December 31 2016. 01:23 IST