How ATMs have been impacted by demonetisation
A majority of the ATMs in India are in a predominantly defunct state, more than six weeks after the note ban announcement
A majority of the ATMs in India are in a predominantly defunct state, more than six weeks after the demonetisation announcement.
In spite of the recalibration of nearly all the machines in the country, the value of currency being routed through the ATM network is fairly low, with the new Rs500 currency notes being filled into ATMs at a negligible level. Over these days, some regional variations were observed, with the central and east zones faring better than the north and south.
CMS Infosystems manages approximately 55,000 of the 220,000 ATMs across India. Of the total number of ATMs, 60% are outsourced by banks and tend to be mostly off site. On a regular day, CMS visits close to 30,000 ATMs for replenishment across 92% of the districts in India. Since demonetisation, the number of ATMs CMS visits daily has not crossed 13,000, and is sometimes as low as 11,000. This depends on cash availability on a day-to-day basis.