The Reserve Bank of India (RBI) has already reduced the number of 2000 in ATM and now the number of RS.500 notes will also be reduced. Only 100 rupees note will be released from ATM at the end of the year.The RBI has ordered to banks at least 10 percent cash withdrawal of hundred rupees notes. These instructions were issued in October last year but the cash crisis did not go further, it was banned.Now, RBI has been asked to the bank for implement this order again. According to the SBI officials, the orders for planting such type of ATMs were found earlier. These ATMs especially placed in markets, crowded areas. An official of the Bank of Baroda said that work has begun in this direction.
For more news updates Follow and Like us on Facebook