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Rs 100 Cr needed to calibrate ATMs for new Rs 100 notes - Etv

Sat, Jul 21, 2018, 07:47 AM
Agencies maintaining ATMs said that Rs 100 crore is needed to calibrate ATMs for new Rs 100 notes. The RBI to launch new Rs 100 note with additional micro-security features either in August or September 2018. They say one year time is required to calibrate 2.4 lakh ATMs across the country. Further, they said it would be a challenge to calibrate ATMs to dispense existing Rs 100 notes along with new Rs 100 notes. Agencies are of the view that it may take more time if there is no proper planning.
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