RBI directs banks to ensure ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis.
RBI has issued direction to all Banks on the dispensation of ₹100 and ₹200 denomination banknotes through ATMs.
Rs. 100 and Rs. 200 notes serve specific purposes due to their value, convenience, and role in daily transactions. People need these denominations for convenience for small to medium transactions. Rs. 100 and Rs. 200 currency notes are ideal for everyday purchases like groceries, public transport, small retail, and dining at modest establishments. Rs. 100 and Rs. 200 notes provide flexibility for transactions that fall between smaller (Rs. 10, Rs. 20, Rs. 50) and larger Rs. 500 denominations, reducing the need for exact change.
Apart from above, In India, cash gifts in denominations like Rs. 100 or Rs. 200 are common during festivals, weddings, or small gestures, aligning with cultural practices.
In its direction dated 28.04.2025, the RBI has stated that as part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators shall ensure that their ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis.
The following milestones have been prescribed:
(i) By September 30, 2025: 75% of all ATMs shall dispense either ₹100 or ₹200 denomination banknotes from at least one cassette.
(ii) By March 31, 2026: 90% of all ATMs shall dispense either ₹100 or ₹200 denomination banknotes from at least one cassette.
- AO to give list of judgments he wish to rely in taking adverse view against assessee.
- Changes in Speed Post Tariff & new features from 01.10.2025. students to get 10 % discount
- U.P. Power Corporation Limited. Empanelment of lnternal Auditor for 2025-26 & 2026-27
- A mere error in exercise of jurisdiction would not vitiate legality or validity of proceedings
- Writ petitions not to be entertained in cases of alleged fraudulent availment of ITC
