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Mumbai, Apr 28 (PTI) The Reserve Bank of India on Monday asked banks to ensure that ATMs dispense Rs 100 or Rs 200 denomination notes to enhance the availability of these currency notes to the public.
Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner.
"As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) shall ensure that their ATMs dispense Rs 100 and Rs 200 denomination banknotes on a regular basis...," the Reserve Bank of India (RBI) said in a circular.
According to the circular, by September 30, 2025, 75 per cent of all ATMs (Automated Teller Machines) shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette.
By March 31, 2026, 90 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette. PTI NKD MR
Small-denomination banknotes requirement: ATMs must routinely dispense lower-value notes nationwide to enhance public access by operators. The central bank directed banks and White Label ATM Operators to ensure their ATMs dispense Rs 100 and Rs 200 denomination banknotes on a regular basis, with phased coverage targets requiring 75 percent of ATMs to dispense those denominations from at least one cassette by the first milestone and 90 percent by the subsequent milestone.Press 'Enter' after typing page number.