: This time the Reserve Bank of India is going to take major steps to eliminate the problem of small amount of retail notes in the country. Because most of the time, problems with retail are now being created everywhere. Even, many times there is no supply of retail money to common people. Also, availability of such notes from ATMs has almost stopped. Due to which the problem naturally increases. Not only that, many complaints have already reached the Reserve Bank in view of this incident. As a result, RBI is thinking of increasing the number of low denomination notes in ATMs.
It is reported that the Reserve Bank may issue guidelines to increase the number of Rs 100 and Rs 200 notes in ATMs. Apart from this, RBI is also thinking of setting up UPI based ATMs. As a result common people will be able to make small transactions through UPI based ATMs. Besides, the overall problem will also be reduced a lot.
Let it be said in this context that after receiving such complaints regarding retail notes, the RBI officials are looking at the matter very seriously. It is also known that an important meeting has already taken place between the officials of the Reserve Bank on the issue of retail money. In that meeting, several steps were discussed, starting from UPI based ATMs to increase the number of retail notes in the market.
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Number of low denomination notes reduced: According to sources, RBI is also going to do some work on notes like 5, 10, 50 rupees. Because nowadays people rarely get 5, 10 or 50 rupee notes or coins in the market. As a result, they have to spend 100, 200 or 500 taka even for small purchases. Besides, these notes are also rarely available from banks. In this situation, RBI is taking necessary steps now.