Arun Jaitley tells people to wait, says may take 21 days for ATMs to run normally
Seeking to address rising concerns as people returned from ATMs and banks across the country without cash, Finance Minister Arun Jaitley Saturday said it may take up to three weeks for all the 2 lakh ATMs to operate normally.
Each one has to be calibrated individually to dispense the new sized notes of Rs 2,000 and Rs 500 besides the lower denomination currency of Rs 100, he said.
Regretting the hardships, Jaitley advised the public to be patient and said the move would have benefits for the economy in the long term.
He also urged people not to flock to the banks to exchange the now-defunct banknotes, and stagger it over the 50-day window.