Mr. Shaktikanta Das says the focus of the government is on activating all channels whereby cash is dispensed to the public. He adds that banking correspondent will be now allowed to withdraw cash multiple times as opposed to only once a day earlier. "Banks to increase cash holding limit of banking correspondents to Rs 50,000," he added.
Clarifying on the issue of recalibration of ATMs, he says a task force has been set up to address the issue at the earliest.The recalibrated ATMs will start dispensing Rs. 2,000 notes within two days, he says.
Regarding the situation in post offices, he says the supply of cash to the 1.3 lakh branches will be enhanced. Also, those businesses with current accounts with banks can withdraw up to Rs 50,000 to pay wages to their employees, he adds.
Mr. Das says micro ATMs will be set up across the country to tide over the cash crunch.
To a question on the reasons for the delay, he explains that each ATM carries four trays and three of them carry Rs. 500, Rs. 1,000 notes. He says those trays have to be replaced and recalibrated. And, only one tray is being used right now.
He concludes his address, and adds, "please remember, it's a huge task. Even the Prime Minister said that there would be an inconvenience. But the govt. is doing all it can and the situation is improving every day and every hour."
Clarifying on the issue of recalibration of ATMs, he says a task force has been set up to address the issue at the earliest.The recalibrated ATMs will start dispensing Rs. 2,000 notes within two days, he says.
Regarding the situation in post offices, he says the supply of cash to the 1.3 lakh branches will be enhanced. Also, those businesses with current accounts with banks can withdraw up to Rs 50,000 to pay wages to their employees, he adds.
Mr. Das says micro ATMs will be set up across the country to tide over the cash crunch.
To a question on the reasons for the delay, he explains that each ATM carries four trays and three of them carry Rs. 500, Rs. 1,000 notes. He says those trays have to be replaced and recalibrated. And, only one tray is being used right now.
He concludes his address, and adds, "please remember, it's a huge task. Even the Prime Minister said that there would be an inconvenience. But the govt. is doing all it can and the situation is improving every day and every hour."