RBI's New Directive for ATMs

The Reserve Bank of India (RBI) has issued a directive to all banks and white-label ATM operators, emphasizing the need for wider availability of Rs 100 and Rs 200 denomination notes through ATMs. This move aims to enhance public access to these smaller denominations, facilitating easier transactions for the general populace.

Implementation Deadlines Set by RBI

To ensure the effectiveness of this initiative, the RBI has set specific deadlines. By September 30, 2025, 75% of all ATMs must be equipped to dispense Rs 100 and Rs 200 notes from at least one cassette. This requirement will increase to 90% by March 31, 2026, marking a significant step towards improving the ATM infrastructure in India.

Why This Matters

This directive is part of RBI's ongoing efforts to modernize the banking sector and make financial transactions more accessible and convenient for everyone. By increasing the availability of smaller denomination notes, the RBI aims to reduce the dependency on higher denomination notes, thereby addressing the issue of change shortage in daily transactions.