Rs 200 notes may be available in ATMs only after 3 months
New Delhi: Although the Reserve Bank of India rolled out the new Rs 200 note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration.
Some banks have even asked the ATM companies to begin testing the new note for recalibration of the machines, though they have not got supplies of the new currency.
Only last year, the banks were involved in recalibration of ATM machines after the demonetization of high-value currency notes in November.
The Reserve Bank of India (RBI) issued the Rs 200 currency notes for the first time ever on August 25.