[ad_1]
Just a few days ago, the Reserve Bank of India (RBI) introduced the new Rs 100 notes in lavender color with motif of Rani ki vav, a floor located on the banks of the Saraswati in the Patan of Gujarat.
The RBI stated that the new notes will soon be in circulation with all the remaining Rs 100 notes still in legal tender.
BCCL
But according to the industry, it will take at least another year before the new notes are more widely disseminated.
In fact, ATMs will have to be recalibrated to accommodate the Rs 100 banknotes with a new dimension of 66 mm x 142 mm compared to the size of the current note of 157 mm x 73 mm.
Don & # 39; Miss
<! –
->
The recalibration of ATM will be an expensive and time consuming process as there are around 2.4 lakh wickets from various banks across the country.
BCCL
According to Loney Antony General Manager of Hitachi Payment Services, the re-calibration of the new Rs note 100 could take more than Rs 100 crore and 12 months of time to fully support the 2.4 lakh ATMs.
Incidentally, the introduction of the new Rs 100 note came that the industry is about to complete the re-calibration to distribute denomination notes of Rs 200.
BCCL
"As the new Rs 200 note recalibration for all ABMs is not yet complete, the recalibration of the new note of Rs 100 could take longer unless it is planned properly, "Antony said.
<! –
->
[ad_2]
Source link
