Thursday , August 24 2017
Hyderabad

22,500 ATMs fed new Rs 500 Currency notes

22,500 ATMs fed new Rs 500 Currency notes

Union finance minister Arun Jaitely today said new currency notes of Rs 500 denomination was made available in 22,500 ATMs. He said there were some two lakh ATM machines across the country. Due to technical problems, most of the ATMs are yet to be calibrated. New software has been done in 22,500 ATMs where the new notes of Rs 500 would be available, he added.

Jaitley has clarified that there was no plan to re-introduce Rs 1,000 currency note. The Union government has given relief to the people for making marriage arrangements. For this purpose, one member of the family can withdraw Rs 2.50 lakh, he said. He also said in an attempt to to keep a watch on the black money, it has been decided to decrease exchange of old notes to Rs 2000 from Rs 4,500. (NSS)