Did RBI request banks to calibrate ATMs for 100 rupees a week before demonetization?

One week before the announcement of the demonetization of the old 500 rupee notes, the Reserve Bank ordered the banks to recalibrate at least 10% or 20,000 ATMs to distribute only 100 rupee notes. The banks had 15 days to comply with the instructions issued on November 2. However, before the process could be completed, Prime Minister Narendra Modi in his speech to the nation on the night of November 8 announced that Rs 500 and Rs RBI’s notification indicated that in accordance with the policy objectives of the own note and to ensure that the actual requirements members of the public For coupons of 100 100 rupees, banks should increase the distribution of 100 rupee notes through ATMs, which are

Leave a Reply

Your email address will not be published.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