Sunday, May 21, 2023

No extra cost to reconfigure ATMs

The Reserve Bank of India (RBI) Friday said ₹2,000 denomination notes can't be used for transactions after September 30 and asked banks to stop issuing this denomination to customers. "We don't see any major impact on the ATM front, already, as per RBI directions, stakeholders have submitted the plan for implementation of lockable cassettes in 30 cities for both white label and bank-run ATMs," said a senior bank executive.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-extra-cost-to-reconfigure-atms/articleshow/100402662.cms

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