Cash Inwards Atms - Rajya Sabha Q&A

Ministry of Finance

Cash inward ATMs

Posted On: 24 JUL 2018 4:03PM past times PIB Delhi
The Government is aware of the newspaper reports that several ATMs have shown no-cash boards.

RBI has informed that the increase inward involve for currency recently, which led to high ATM usage, tin rank the axe move attributed to seasonal in addition to structural issues. Seasonal issues include involve for cash inward the agriculture sector, in addition to Schemes such equally Investment Assistance Schemes for Farmers in addition to Pension Schemes announced past times a few State Governments. Structural issues include economical growth, high currency deposit (CD) ratio inward to a greater extent than or less states, etc.

Regular monitoring of cash availability in addition to ATM functionality has been done past times the Government to ensure that sufficient currency notes are made available in addition to thus that ATMs produce non run dry out inward whatever eventuality in addition to people produce non appear upward whatever problems.

RBI has farther informed that equally on 18.07.2018, the full stock of issuable currency inward the country, including RBI vaults in addition to currency chests of all banks across the country, was 2.93 lakh crores. Further, the lay of fresh / re-issuable notes inward currency chests of banks in addition to inward RBI vaults are beingness monitored on a regular footing in addition to adequate furnish of cash is beingness ensured.

This was stated past times Shri Shiv Pratap Shukla, Minister of State for Finance inward written response to a inquiry inward Rajya Sabha today.
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