Question : Recalibration of ATMs

(a) whether the troubled banking industry proposes to pay another Rs. 100 crore to recalibrate Automated Teller Machines (ATMs) for dispensing the new Rs. 100 notes across the country;

(b) if so, the details thereof;

(c) whether the introduction of the Rs. 200 note is already expected to cost banks over Rs. 100 crore for ATM recalibration, if so, the details thereof;

(d) whether the banks had already spent over Rs. 110 crore to recalibrate ATMs after the introduction of the new Rs. 500 and Rs. 2,000 notes; and

(e) if so, the details thereof?

The Minister of State in the Ministry of Finance


(a) to (e) As informed by Indian Banks’ Association (IBA), banks incur cost of every recalibration. Data on cost of recalibration is not centrally maintained.


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