RBI/2016-17/106
DCM (CC) No.1170/03.41.01/2016-17
November
02, 2016
The Chairman & Managing
Director /
Chief Executive Officer,
All Banks
Madam / Dear Sir,
Dispensation of Rs.100
denomination banknotes through exclusive ATMs
Please refer to our circular DCM (CC) G-10/3352/03.41.01/2015-16 dated May
5, 2016 on the Currency Circulation and Exchange Scheme (CDES).
2. A review of steps taken by
banks for installing ATMs dispensing lower denomination banknotes was
conducted and found that very few banks had taken initiatives in setting up
ATMs dispensing lower denomination notes including Rs.100 denomination
banknotes.
3. In keeping with the
objectives of Clean Note Policy and to ensure that genuine requirement of
members of public for Rs. 100 denomination banknotes are met, the banks
should increase dispensation of Rs. 100 banknotes through ATMs which are
widely used for distribution of banknotes for retail use.
4. With a view to encourage the
banks in that direction, it has been decided to conduct a pilot project
wherein 10% of the ATMs in the country will be calibrated to dispense
Rs.100 banknotes exclusively. You are, therefore, advised to configure /
calibrate 10% of your ATMs to facilitate this arrangement.
5. As the process involved in
configuring the requisite number of machines is not complex, the banks are
required to complete the exercise within 15 days from the date of the
circular and report compliance. For this purpose, banks are free to select
the branches with the sample covering relatively large number of centres /
states. The data on location of such ATMs in the annexed format may also be advised to us.
You may share your feedback on the pilot after a lapse of two months.
4. Kindly acknowledge receipt.
Yours faithfully,
(P. Vijaya Kumar)
Chief General Manager
Encl : As above
Annex
Dispensation
of Rs.100 denomination banknotes through exclusive ATMs
Name of the bank –
Sr.No.
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State
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City
/ Town / District
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Address
of the ATM location
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(To be sent by email)
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