RBI's ATM Rule Shocker: Goodbye to 500 Notes?

Torn notes? Know the exchange rules now. - Newsstore24

Exchange of Damaged Notes The 500-rupee and 102050100 notes are now in use. This type of paper is used to make these notes. They are quite likely to be torn or damaged because they are composed of paper. You may simply replace the note in your pocket if it is destroyed. In many countries, cash notes are still used for transactions, even with the rise in digital payments. Currency notes are still used for everyday expenses. Only paper is used to …

The Reserve Bank of India has directed the country's banks to upload 100 and 200 rupee notes in 75 percent of the country's ATMs by September 2025. After this directive of the RBI, experts believe that the Reserve Bank of India wants to reduce the dependence on the 500 rupee note. Now the question is, can the 500 rupee note also be discontinued after 2000? According to banking expert and founder of Voice of Banking Ashwini Rana, the RBI wants to…

RBI ने BIS अनुरूप नोट छंटाई मशीनों की समयसीमा 1 नवंबर 2025 तक बढ़ाई

अप्रैल 2025 में, भारतीय रिजर्व बैंक (RBI) ने बैंकों के लिए नवीनतम भारतीय मानक ब्यूरो (BIS) मानकों वाली नोट सॉर्टिंग मशीन (NSM) तैनात करने की समयसीमा को छह महीने यानी 01 नवंबर, 2025 तक बढ़ाने का फैसला किया है। साथ ही, RBI ने बैंकों और व्हाइट लेबल ATM ऑपरेटरों (WLAO) को यह सुनिश्चित करने का […] The post RBI ने BIS अनुरूप नोट छंटाई मशीनों की समयसीमा 1 नवंबर 2025 तक बढ़ाई appeared first on AffairsCloud.com.

RBI's ATM Rule Shocker: Goodbye to 500 Notes?

The Reserve Bank of India (RBI) has made a new rule to make 100 and 200 notes easier to get from ATMs. Right now, most ATMs give only 500 notes, which are not useful for small purchases. Also Read – Shocking Jail Marriage: Rape Accused Weds Victim So, the RBI said that by September 30, […] The post RBI’s ATM Rule Shocker: Goodbye to 500 Notes? appeared first on M9.news.