New Delhi: In an interesting development the Reserve Bank of India has directed all the banks to introduce Rs 50 notes in the ATM machines according to a report by Navbharat Times.
At present,the customers get notes only in the denominations of Rs 100, Rs 500 and Rs 1000 from the ATMs.
This move will help customers who want to get notes in lower denominations too. According to sources, some banks have already started implementing this move.
State Bank of India ATM in Raipur has started vending out Rs 50 notes and in the coming days, all banks across the country will implement this.