RBI reviews Currency Distribution and Exchange Scheme

Mar 19, 2018 | by Avantis RegTech Legal Research Team

A |  A

Reserve Bank of India (RBI) has reviewed the Currency Distribution & Exchange Scheme. It has been decided to withdraw the incentives which were being given to the banks for installation of Cash Recyclers and ATMs dispensing only lower denomination notes as contained in the Master Direction.

The claims in respect of machines which were delivered to the banks before and including the date of the circular shall be settled by RBIs Regional offices, subject to the limits already advised in the Master Direction.

[RBI/2017-18/136 DCM (CC) No. 3071/03.41.01/2017-18]

URL: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT136E4A195F97CD741CD88D9B508A8AF079C.PDF


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.