2 to 3 weeks required to fix ATMs, says Finance Minister

New Delhi, Nov 12: Finance Minister Arun Jaitley said it would take 2-3 weeks to recalibrate ATMs machines to enable them to dispense new notes.

Following demonetisation of currency ATMs across the country are witnessing long queues as people are flocking to them to draw currency.

ATMs are struggling to cope with the demand as they dispensing only Rs 50 and Rs 100 notes and would need to be recalibrated to distribute the new Rs 2,000 notes.

Addressing a press conference on Saturday afternoon, Jaitley said, the government was constantly monitoring the cash crunch.

He urged people to stagger depositing defunct currency and not crowd banks.

“I appeal to people to visit the banks after a few days to avoid standing in queues as the scheme is valid till 30th December 2016,” he said.

"It's a big regret that people are being inconvenienced. There are long queues, but orderly queues. There is no chaos,” he added.

He also refuted a claim made by Delhi CM Arvind Kejriwal that in the July-to-September quarter large amounts of money had been deposited with the banks, indicating that some people knew about the impending demonetisation.

Jaitley said there had been a marginal hike in bank deposits in September 2016 because of the release of Pay Commission's salary arrears.

Comments

Frustration from one particular community is quiet obvious as terror funds were hit hard and modi said he is planning to do more surgical strikes :) on hawala operators , fake currency king pings ... papa ... artha agatte ... we are with u jaitley ... as modi said benami propoerties must be tracked and penalty must be 300% .I checked wth many tax paying nationalist indians ... they are realy not frustrated ...hahaha altaf , hogappa ...

Good pose from Jaitley .....He is going to start his namaz ....

\KETTA MAYLAY BUDDHI\". Mr.Jaitely (Jootley) is the most Arrogant by behaviour and illeterate and Jaahil(Hindi term) as far as experience and knowledge of Finance and Economics are concerned, who is also one of the Team member of some of other Illeterates or Jaahils who are Ruling our Great Nation with Democratic and Secular Constitution, with a Absolute Right to Live and Let Live Policy with due Respect and Regards to all Other Faith, for a Harmonius Living and Peaceful Co-Existence. Now,We the Educated, Highly Cultured and Civilsed People of India are forced to Pay the Penalty due to the Tughlak Durbar, in Terms of Each and Every Brainless Policy and Decesions of these so called Uneducated Team of Ministers and their Team Heads. May Almighty Save our Great Nation *INDIA* and All its Citizens *INDIANS* from all the Calamaties and Disturbance occuring due to these Ruthless and Merciless Rulers. May Almighty give Wisdom and Thinking to these Government Heads, before they implement any Rules and Policies, with a Sincere Feeling and Support, Exclusively for the Benefit of our Country and its Common Man. Long Live India and Indians. JAI ....HO."

Tab tak kya public teri G*** Mare ??

Finance Ministry is not organized, they should have taken all steps before announcing withdrawal of these currencies.....useless guys working in one of India's reputed organization which is pathetic and very bad.....

Dear Jaitly,

Can you tell sabjeewala, doodwala, hotelwala, grocery wala to take the money after one week? and give credit supply to people?