Even though the Government had announced that ATMs would dispense Rs 500 and Rs 2000 new notes to the public from Friday, there are long lines in front of ATMs of banks as they are unable to dispense cash due to shortage of notes.
Irrespective of the fact that there are lines in front of banks to exchange notes, people were also queued up outside ATMs in major cities to withdraw cash and complained that the machines are yet to be refilled.
Machines were not equipped and refilled in some ATMs while most of the other ATMs were tendering Rs 100 notes.
Banks have reiterated the stance taken by the Government which is that, banks are trying to recalibrate their machine for higher denomination notes, it will take some days before they start tendering new high security Rs 500 and 2000 notes which is expected to ease the pressure.
However in order to ensure customer convenience, banks have been told to tender notes through its ATM to all customer withdrawal free of cost till 30 December.
— With Congress (@WithCongress) November 12, 2016
— Business Standard (@bsindia) November 12, 2016
— Firstpost (@firstpost) November 11, 2016