New Rs 200 Notes Likely in ATMs by Year-End

New Delhi, October 17: The new Rs 200 bank notes that were introduced by the Reserve Bank of India (RBI) in August this year will be available in the ATMs only by the year-end. ATM operators informed that the new currency notes were still not available with them, a report by TOI stated. Moreover, the size of the new notes is different from the existing ones and so, once the notes are received by ATM operators, they will have to understand the dimensions and accordingly reconfigure the ATM cassettes. ATM operator in NCR manages more than 1 lakh ATMs across the country. NCR Managing Director Navroze Dustur was quoted by TOI that most of the banks have not even requested for ATM recalibration for the new Rs 200 notes.

Leave a Comment

Your email address will not be published. Required fields are marked *