Giving some respite to the common people struggling to withdraw money from banks across the nation, India’s largest public sector lender State Bank of India (SBI) has announced that all its ATMs will be functional on Saturday.
Till Friday only 29,176 of the SBI ATMs were functioning across the country, according to an update provided by the bank.
Making the announcement, SBI’s Chairperson Arundhati Bhattacharya said, “Re-configuration (of ATMs), as we have done in the past, takes time so it has to be done one by one. It should be normal in 10 days’ time because you have to understand that there are 200,000 ATMs (of all banks) in the country but there are only three to four vendors in the country.”
Banks across the country are witnessing heavy rush after Prime Minister Narendra Modi’s recent announcement on demonetisation of Rs 500 and Rs 1,000 notes.
Following the announcement, everyday footfall in the banks has seen significant jump as the withdrawals from ATMs are restricted to Rs 2,000 per day per card in the initial few days.
According to the sources, the withdrawal cap from ATMs will be raised to Rs 4,000 later.