RBI is going to take a special step to remove the problem of small notes. Because many times they get worried about open means change.
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Reserve Bank of India : RBI is going to take a special step to remove the problem of small notes in the country. Because many times they get worried about open means change. Many times it happens that people do not get small notes. And people are getting very less small notes from ATMs too. Due to which people have to face many problems. Many complaints due to non-receipt of small notes reserve Bank of India has reached. After this, RBI is considering increasing the number of small notes in ATMs.
Reserve Bank of India can also issue guidelines to increase the number of 100 and 200 notes in ATMs. RBI is going to do some work even on the problem of small notes like 5, 10, 50 rupees. Along with this, RBI is also considering setting up UPI based ATMs. People will be able to do small transactions with UP based ATM. Due to which people will not have any kind of problem.
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Let us inform that the RBI officials took cognizance of this after complaints. An important meeting of Reserve Bank officials took place this month on the issue of loose money. Many suggestions have been given in this meeting, in which steps like introducing more small notes in the market from UPI ATMs were talked about.
The number of small notes is decreasing
According to sources, RBI is going to do some work even on small notes like 5, 10, 50 rupees. Because people rarely see 5, 10, 50 rupee notes or coins in the market. When people buy anything in the market. So due to the shortage of small notes, they have to spend 50, 100, 200, 500 rupees. Because people rarely get small notes from the bank and people’s small notes are rarely seen in the market.
Let us tell you that the number of small notes in the market and among the common people is decreasing day by day. When the general public goes to the market to exchange loose money, they do not get small notes in the market as well. Due to which people have to worry a lot due to roaming around for loose money.
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