MUMBAI, Nov 15: The Reserve Bank of India (RBI) has constituted a task force for enabling dispensation of Mahatma Gandhi (New) series banknotes under the chairmanship of its Deputy Governor S S Mundra, as the people were facing hardship for withdrawing new notes from ATMs due to calibration issues.
With a view to provide direction and guidance in this regards, it has been decided to set up a Task Force under the Chairmanship of S S Mundra, Deputy Governor, RBI,’ RBI statement said.
The members include representatives from department of economic affairs, financial services, ministry of home affairs, four banks with largest ATM network, viz., SBI, Axis Bank, ICICI Bank and HDFC Bank, NPCI among others.
The decision has been taken after it became necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination Rs 2000 in new designs.
The ATMs play a vital role in meeting the currency requirements of the public and have become a major channel for disbursement of cash, the RBI said.
Re-activation of ATMs extends the availability and disbursal of notes for the customers of banks at convenient time and location in judicious mix of higher and lower denominations, it added. (AGENCIES)
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