The government has also advised to set up a special task force under S.S Mudra, Deputy RBI Governor, to accelerate the process of recalibration of over 2 lakh ATM machines across the country. The recalibration is required to enable machines dispense the new Rs. 2000 currency notes, which the old ones were unable to do because of size mismatch.
This decision came after the PM’s meeting with the bureaucrats and RBI officers to address the problems caused by demonetization of Rs 500 and Rs 1,000 notes. Apart from waiving off additional charges, the government has also extended the use of old currency notes from Monday to 24th November for paying utility bills.
A couple of other decisions were also taken to speed up the disbursement of cash in rural areas:
- Enhancing the cash holding limit of over 1.2 lakh banking correspondents to Rs. 50,000
- Allowing banks the flexibility to change this limit depending on case and requirement.