When will Rs 200 note come in ATMs?
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.
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