Besides, it has also extended the deadline for payment of crop insurance premium by 15 days and permitted APMC-registered traders to withdraw up to Rs 50,000 per week.
In conversation with CNBC-TV18, Rajeev Chandrasekhar, MP, Rajya Sabha, said Reserve Bank of India (RBI) and banks could have done proactive work in terms of calibration of ATMs.
It would be positive for investment and result in disinflation among other benefits, he said, while commenting on the government's decision to demonetise high value currencies last week.
In the first interview since setting up this committee, Rituraj Sinha, member of the ATM task force says RBI's plan of action will be to deal with the cash crunch that has emerged in the wake of the government‘s demonetisation drive.
"There is no investigation or action taken against Modiji's industrialist friends," Rahul told reporters outside the Bhiwandi court in adjoining Thane district, after being granted bail in a defamation case.
Cash-strapped people were seen waiting in frustration as most of the cash dispensing machines ran out of cash within hours after being stocked, while thousands of ATMs are still not functional. Adding to the customer woes, there have been reports of bank servers facing technical glitches.
Serpentine queues, with some as long as a kilometer were seen nationwide at banks which opened after a day's break but soon crumbled under pressure in the absence of supporting cash vending machines.
"The Union government has literally failed in mitigating the hardship faced by the public following the demonetisation of Rs 500 and Rs 1,000 currency notes," Isaac said, during his visit to the Kerala pavilion at the India International Trade Fair at Pragati Maidan, here.
ATM withdrawal limit from savings bank accounts will continue at Rs 2,500 a day for the time being. The limit set after Prime Minister Narendra Modi on Sunday night reviewed the demonetisation of higher currency notes.
In an interview to PTI, CII President Naushad Forbes also urged the government to increase weekly withdrawal limit for current accounts from Rs 50,000 at present to ensure adequate liquidity for businesses, acknowledging that the move has certainly created "serious inconvenience" for most people.
Over the last 7 days, the bank saw a 100 percent jump in usage of debit cards and over 40 percent in credit cards, including at restaurants, departmental stores and for healthcare services.
"The bank notes exchange is a smart move from a political perspective. However, it could disrupt commercial transactions for a while and slow down the economy. Moreover, this does not eradicate the deep roots of corruption.
Akhilesh also said that whichever government had troubled the poor, it was shown the door by the masses. "This government has caused immense pain to commoners," he said.
Taking a dig at Prime Minister Narendra Modi, Chidambaram wanted to know what will happen to productivity with people standing in long queues to get cash.
"The Federal Bank ATM at Thevara in Kochi successfully dispensed Rs 2,000 denomination notes to customers," the Bank said in a release here.
While banks remained closed yesterday on account of Guru Nanak Jayanti in many parts of the country, cash-starved customers again were disappointed today with most of the ATMs running out of the cash.
BJP and its allies today strongly backed the government's demonetisation decision on which Prime Minister Narendra Modi ruled out any rethink as the parties prepared to take on the opposition in the winter session of Parliament beginning November 16.
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud has listed for hearing as many as four pleas against the November 8 decison of the Narendra Modi government that these notes are no longer a legal tender.
Cash crunch in many parts was quite severe as banks were closed in North and Western India. The situation, as far ATMs are concerned, is still grim even though a task force under the chairmanship of RBI Deputy Governor S S Mundra was set up to expedite the normal working of cash vending machine.
The move, Mobikwik believes, will encourage retailers, shopkeepers and users to use mobile wallet and overcome the challenges that they are facing in procuring and using cash.
In yet another move to lessen woes of people facing cash crunch, the RBI today directed banks to waive ATM charges on all transactions done by savings bank customers till December 30.
Keen to end the misery of millions of cash-starved citizens, the Finance Ministry today began a daily review exercise to assess problem areas and put in place remedial measures.
Government should hire retired bank employees on a massive scale for a speedy currency swap and cash withdrawal in the wake of junking of big denomination currency notes, industry body Assocham said.
Pummelling the Congress and other parties which are opposing demonetisation, Prime Minister Narendra Modi today said the corrupt were upset while the poor were "enjoying a sound sleep" after his decision and urged people to bear some inconvenience to root out graft.