The Reserve Bank of India, RBI, has given a further push to its plans to ensure enough cash supply in the country through the widely promulgated remonetisation drive, a remedial step to make up for inconveniences caused during fifty days’ demonetisation campaign.
The central bank has revealed it has plans to print new, redesigned Rs 100 notes, according to a report in the media.
“The existing Rs 100 currency notes will continue to be in the system and will be withdrawn gradually without any disruption,” HT quoted a central bank official as saying.
It was also revealed the size and dimensions of the new Rs 100 notes will not be touched which means banks will not require recalibrating ATMs outside their branches.
Currently, Rs 100 is dispensed through ATMs across the country. Of the four cassettes, or boxes, in an ATM, only one is used for Rs 100 notes, the report further elaborated.
