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Reserve Bank advises Rs. 50/- currency notes to be made available in ATMs!
Posted on: 27/Sep/2015 6:00:26 PM
Information is gathered that the Reserve Bank of India has advised all the banks that provision must be made to dispense Rs. 50/- currency notes also in all ATMs.
Higher banking officials circle in Delhi inform that all the banks have already initiated activities to provide dispensing of Rs. 50/- currency notes in all ATMs.
Currently, provision is available in ATMs to dispense only Rs. 100/- & Rs. 500/- currency notes. This creates demand for change. Also, many customers may be interested in taking lesser amounts. Keeping these 2 factors in consideration, the Reserve Bank of India prefers to include the dispensation of Rs. 50/- currency notes also in all ATMs.
State Bank of India has already taken action in this regard and introduced dispensing Rs. 50/- currency notes in several places in the city of Raipur.
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