ATMs to function from today; people throng from midnight

11-11-2016 Fri 08:33

ATMs will function from Friday onwards after they were closed for two days with Central government’s decision over currency demonetisation. People thronged from midnight to get cash from ATMs. The bank officials said that adequate new notes with lower denominations like Rs 100 and Rs 50 were kept in ATMs. With Central government banning Rs 500 and Rs 1000 notes, there is more demand for Rs 100 notes. However, the Centre imposed restrictions on withdrawal amount. The RBI said that banks will not impose surcharge if a bank account holder withdraws money from another bank ATM.



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