"22,500 ATMs to be recalibrated today": Jaitley

Amid uproar in Parliament over the government's demonetisation decision, Finance Minister Arun Jaitley on Thursday said Rs.1,000 notes will not be re-introduced in the system.

Written by: Vikas
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New Delhi, Nov 17: Amid uproar in Parliament over the government's demonetisation decision, Finance Minister Arun Jaitley on Thursday said Rs.1,000 notes will not be re-introduced in the system.

Jaitley said banks are speedily working to recalibirate the ATMs, so that the newly introduced currency notes can be disbursed.

"22,500 ATMs to be re-calibrated today, nearly 2 lakh ATMs exist as of now," he said in Rajya Sabha.

Arun Jaitley

He said that the decision to reduce the currency exchange limit from Rs 4,500 to Rs 2,000 has been taken to stop misuse of funds.

"Withdrawal of Rs 2.5 lakhs for marriages would be a big relief to common man," he added.

Economic affairs secretary Shaktikanta Das earlier told the media that families with weddings can withdraw Rs 2.5 lakh. For doing so, the families will have to sign a self-declaration document saying the money was drawn against only one account.

The move is aimed at decongesting the serpentine queues outside banks and ATMs across India following last week's decision to ban Rs.500 and Rs. 1000 notes.

Meanwhile, Modi government's currency demonetisation move has been gaining support from the citizens. According to the survey by LocalCircles - a citizen engagement platform - 79 per cent of those surveyed citizens fully supported the demonetisation programme while only 3 percent were against it.

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