Published On : Fri, Nov 11th, 2016

Watch video: ATMs to become operational from 12 midnight

Nagpur: In what could be mentioned as shattering of citizens’ expectations ATMs of all banks private and nationalized remained closed today i.e. November 11, 2016. Many citizens who had waited patiently to withdraw cash from the Automated Teller Machines (ATMs) using their ATM Debit/Credit cards had to face severe disappointment.
The ATMs of almost all the Nationalized Banks including SBI, BOI, PNB, BOB etc and Private Banks including IDBI, HDFC, and ICICI etc remained closed today.

When Nagpur Today contacted the higher officials of almost all the Banks, they were very apprehensive in coming on camera to make any statement. However, many officials spoke on condition of anonymity and said that the day after Prime Minister Narendra Modi declared the demonetization of Rs 500 and Rs 1000/- notes, the regional branches of all banks were busy in gearing up for the receipt of old notes and disbursement of new notes and notes of lower denominations including Rs 100/-. The next day was the day when people hoarded the banks with an objective to convert their old notes into new notes or to deposit the old notes.

The ATMs are either managed by the banks themselves or is managed by an outsourced company. Companies including Trigger or SIS have been outsourced for cash in transit to various ATMs and Bank branches. However, On November 10, 2016 the cash vans were allegedly busy in reaching cash to various branch offices. They did not get time to replenish the ATM machines.

Sources claimed that the outsourced companies have approached the RBI and have requested for additional time to replenish the ATMs. The bank officials have allegedly claimed that by 12 midnight of November 11, 2016 or latest by 10:30 am of November 12, 2016, people can withdraw cash from the ATMs.

As far as the disbursement of the new Rs 2000 note is concerned, the bank officials are confused and claimed that the dimensions are different and so the tray need to be adjusted to enable the ATMs to disburse the notes.