CA NeWs Beta*: RBI's big decision, now 2000 rupee notes will not come out of ATM

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Monday, October 14, 2019

RBI's big decision, now 2000 rupee notes will not come out of ATM

RBI's big decision, now 2000 rupee notes will not come out of ATM
New Delhi: The largest bank in the country, State Bank of India (SBI), has essential news for people using ATMs. Now you will not be able to get 2000 rupee notes from SBI ATM. Large notes will gradually decrease in ATMs with SBI Bank. Following the signal from the Reserve Bank of India (RBI), SBI has started
removing large note cassettes from its ATMs.
Under this step, cassettes have been removed from almost all ATMs in many districts. After this, the preparation of a 500 rupee note. In this way, after the withdrawal of 2000 and 500 notes, only 100 and 200 rupee notes will remain in the ATM. According to the information, this step has been taken to promote small notes. Giving information, Unnao Chief Manager of State Bank of India Sushil Kumar has told that 2000 notes are not being installed in SBI ATM for almost a year. Although it is not being done in big cities, it has been implemented in some small districts.
He said that now the work is being done to remove the cassette (box), which holds 2000 notes in ATM machines, so that other notes can be kept. At the same time, the free withdrawal limit from SBI ATM will be increased. While Metro city customers can transact ten times free from SBI ATMs, the limit has been increased to 12 in other cities

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