First Rs 2000 Dispensing ATM Machine In Kolkata

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Kolkata: Kolkata got its first Rs 2000 note dispensing machine on Monday evening rekindling the hope that the cash crisis in the city will reduce and people will get access to money for their day to day chores. State Bank of India re-calibrated one of its ATMs in Sarat Bose Road in South Kolkata to cater to large demands of money after the demonetisation of Rs 500 and Rs 1000 notes last Tuesday created a crunch.

Palash Mukherjee was one of the first customers to withdraw the Rs 2000 note. “I feel relieved now. I was in the queue for the past one hour. Hopefully things will now return to normal,” said Mukherjee.

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Relaxing earlier restrictions, a bank customer can now withdraw Rs. 24,000 in a week, and a daily limit of Rs. 10,000 has been cancelled. The limit for swapping old notes for new currency has been raised to Rs. 4,500 from Rs. 4,000; at ATMs, the limit on per day per card withdrawal has moved to Rs. 2,500 instead of Rs. 2,000. The government has stressed that these caps will be removed quickly.

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