ATM's in India according to RBI data, as on September-end 2016.
major ATM providers in the country: NCR, Diebold and AGS.
engineers and about 47,000 employees of the cash management firms currently deployed on the ground as per reports that came in on 21 Nov.
total number of cash vans available for this task which is a major bottleneck.
skilled persons need to come together to recalibrate ATM and coordinating this to fix up the vast ATM network had become a huge challenge.
person task force, one representative from every organization in the process, who are sitting in one control room stationed out of Mumbai and monitoring and coordinating the situation closely.
3 - 4 hours
needed to calibrate a single ATM. Calls for change in the hardware and update software.
ATMs being recalibrated in a day on an average. This number is likely to dip as the process moves to smaller cities, towns and rural areas.
approximate conservative cost of calibration of each ATM - new recalibrated cassettes will cost Rs 5,000-7,000 a piece, and the cost of an engineer is typically Rs 2,500 for two hours.
Rs. 200 crore
The total cost of recalibration which the banks will have to bear.