Current Affairs
Select Date
Tags:
Hindi

RBI asks banks to ensure 10% of ATMs dispense Rs. 100 notes

The Reserve Bank of India (RBI) on 2 November 2016 directed all the banks to dispense more 100 rupees notes through ATMs within the next 15 days.
●    The decision came after a review of steps taken by banks for installing ATMs dispensing lower denomination banknotes was conducted. 
●    After the review, it was found that very few banks had taken initiatives in setting up ATMs dispensing lower denomination notes including 100 rupees banknotes.
●    Moreover, RBI also decided to conduct a pilot project wherein 10 percent of the ATMs in the country will be calibrated to dispense 100 rupees banknotes exclusively. 
●    For this purpose, banks are free to select the branches with the sample covering relatively large number of centres or states. 
●    Once it is completed, the banks will further share their feedback on the pilot project after a lapse of two months.

All Rights Reserved Top Rankers