SBI ATMs soon get Rs 20 and Rs 50 notes for the convenience of the public. We all know the present situation, people are facing trouble to get money from the banks and ATM’s. After banning of Rs 500 and 1000 rupees notes, it became a troublesome to receive the sufficient amount of cash
From ATM’s we can get Rs 100 rupees and new dimensions of notes. SBI chairman Arundhati Bhattacharya said SBI is going to providing Rs 20 and Rs 50 notes in the ATM’s for people convenience.
She also stated in all SBI branches workload has been dropped to almost 50% which is sure that people are assured that they can receive the money at their convenience. Up to now SBI has collected Rs 83,702 crore in deposits in the last five days after Rs 500 and Rs 1,000 was banned.
Everywhere ATMs running out of cash soon because of Rs 100 notes and new dimensions of notes, due to that people are facing inconvenience. Economic Minister Secretary Shaktikanta Das said ATM recalibration has started and some of the ATM’s will soon start providing higher denominations including Rs 2000 note from today or tomorrow.
Govt said there is no need to panic, and we have sufficient resources to provide, and the situation will ease in coming days. Cash withdrawal limit has increased from 2000 to 2500 per day, in banks limit has been increased from 4000 to 4500 in exchanging of 500 and 1000 notes. The weekly limit of 20,000 rupees has been increased to 24,000 rupees.