RBI On 100-200 Rupee Notes: The Reserve Bank of India has directed all the banks and white label ATM operators of the country to increase the availability of 100 and 200 rupee denomination notes in their ATMs.
When you go to withdraw money from a bank ATM, it is often seen that small value notes are not dispensed from the ATM and you have to withdraw 500 rupee notes, but now the Reserve Bank of India has taken a big decision on this problem and has given instructions to the banks (RBI to Banks) to ensure that 100 rupee and 200 rupee notes are also dispensed from the ATM.
It is necessary to increase the availability of 100-200 notes.
The central bank on Monday directed the banks that in order to increase the availability of these notes to the general public, it is necessary to ensure that ATMs dispense currency notes of this value in sufficient quantity. RBI has issued a circular in this regard and it has been said that banks and White Label ATM Operators (WLAO) will have to implement this instruction in a phased manner.
It is worth noting that ‘White Label ATMs’ work like the ATMs of government and private banks. These are installed by private or non-banking financial companies (NBFCs) instead of banks. With these, you can withdraw cash, check balance or use all the facilities that are available in other ATMs through debit card and credit card.
What is in RBI’s circular?
If we look at the circular of Reserve Bank of India (RBI), it says that this decision has been taken to increase the public’s access to these frequently used denomination bank notes. Under which, now all the banks and white label ATM operators of the country are required to ensure that their ATMs also dispense Rs 100 and Rs 200 notes on a regular basis.
It further states that by September 30, 2025, 75 percent of all ATMs (Automated Teller Machines) should dispense at least one cassette of Rs 100 or Rs 200 denomination bank notes. After this, in the next phase, by March 31, 2026, at least one cassette of 90 percent of ATMs should dispense at least one cassette of Rs 100 or Rs 200 denomination bank notes.
ATM will be expensive from May 1!
Let us also tell you here that under the rules changing in the country from May 1, 2025 (Rule Change From 1st May), the rules for cash withdrawal from ATM machines are also going to change. Actually, if any transaction is done from an ATM machine outside the home bank network, or balance is checked, then the user will have to pay more charges.
Let us tell you that at present, charges are applicable for using ATMs outside the home bank network and it is going to increase even more from May 1. This increase is part of the amendment approved by RBI based on the proposal of National Payment Corporation of India (NPCI).
According to the report, till now, if customers used to withdraw money from a bank ATM of another network instead of their home bank’s ATM, then they had to pay a charge of Rs 17 on every transaction, which will increase to Rs 19 from May 1. Apart from this, if you checked the balance from another bank’s ATM, then a charge of Rs 6 was levied on it, which will now be increased to Rs 7.
Related Articles:-
Senior citizens will get free treatment worth Rs 10 lakh under Ayushman Vaya Vandana Yojana
