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When will Rs 200 note come in ATMs?

By Vicky
|

When will Rs 200 notes come in ATMs? The wait is expected to be a lengthy one. The Rs 200 note that was introduced by the RBI in August will at least take another two to three months to come in ATMs.

When will Rs 200 note come in ATMs?

According to ATM operators this delay is because of non-availability of the notes.

Navroze Dustur, MD of NCR, which operates more than 1 lakh ATMs across the country, said: "We have recalibrated a few ATMs." He said it is the banks which have to take decision on recalibration not the ATM operators. Dustur quoted by Times of India, said most of the banks have not requested for ATM recalibration for the new Rs 200 notes.

Surprisingly, It is reported that due to non-availability of notes there has been a lack of interest on the part of banks to get all their machines recalibrated, the report said.

Earlier, The Reserve Bank of India said that the Rs 200 notes would be available in ATM machines after November this year. Rakesh Sharma, Canara Bank chairman, said the process of recalibration is slow and laborious and takes many weeks.

OneIndia News

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