ATMs won’t dispense new Rs 200 currency note today

New Delhi, Aug 25: The first tranche of newly introduced Rs 200 denomination may not be available through ATMs because they will have to be recalibrated to accommodate the new currency note.

However, people can get Rs 200 note from bank branches and select RBI offices in the same way the new Rs 20 and Rs 50 currency notes are distributed.

The delay is because it takes time  for ATM manufacturers to recalibrate the machines. There are more than 200,000 ATMs across the country. A typical ATM has 3-4 cassettes, which are equipped to handle different denominations of the currency notes.

To be able to provide Rs200 denomination notes, the cassettes have to be reconfigured, which will take time. We still have not received these notes to understand the dimension for the configuration,” said Radha Rama Dorai, managing director–ATM and allied services, FIS, an ATM manufacturer told Live Mint.

Wefornews Bureau 




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