The Reserve Bank of India on Monday asked banks to ensure that ATMs also dispense Rs 100 and Rs 200 notes. The central bank said that this is necessary to increase the availability of these notes to the public. Let us also tell you what kind of circular the RBI has issued.
The country’s banking regulator Reserve Bank of India has issued a big order regarding 100 and 200 rupees. Due to which there is panic in all the banks of the country. The instructions issued by RBI regarding both the notes have been asked to be completed as soon as possible. For this, RBI has even issued a circular to all the banks. Let us also tell you what kind of circular has been issued by RBI regarding 100 and 200 rupee notes.
RBI’s instructions to banks
The Reserve Bank of India on Monday asked banks to ensure that ATMs also dispense Rs 100 and Rs 200 notes. The central bank said that this is necessary to increase the availability of these notes to the public. Banks and White Label ATM Operators (WLAO) will have to implement this directive in a phased manner. ATMs operated by non-banking institutions are called ‘White Label ATMs’ (WLA). After these instructions, there is a stir in all the banks of the country. Now all banks will have to work harder in ATMs regarding Rs 100 and Rs 200 notes.