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SBI chairperson says ATMs will soon dispense Rs 50 and Rs 20 notes

Sakshi Chaturvedi

Sakshi ChaturvediBy Sakshi Chaturvedi

Published on 15 Nov 2016 10:36 AM GMT

SBI chairperson says ATMs will soon dispense Rs 50 and Rs 20 notes
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Mumbai: The State Bank of India chairperson Arundhati Bhattacharya said the banks and ATMs will soon start dispensing Rs 50 and Rs 20 currency notes to further help the public. "Maintaining that the state of panic among people is on the decline following the constant flow of cash at banks and ATMs, the SBI and its subsidiary banks would soon dispense Rs 50 and Rs 20 denomination notes," said the SBI Chief on Tuesday.

Bhattacharya further said that in all their branches in the southern states the work load has dropped to almost 50 per cent. She further sated," This workload drop is a sure sign that people are assured of receiving the money at their own convenience."

Talking about the inconvenience caused to the masses with ATMs running out of cash faster than expected, Bhattacharya said,"ATMs are emptying out fast because it has a fixed space for notes of 100 and also the dimension of the new notes has changed, adding that the holding capacity in the ATM is confined".

Sakshi Chaturvedi

Sakshi Chaturvedi

A journalist, presently working as a Sub-Editor at newstrack.com.

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