• A Special Task Force has been formed by the Reserve Bank of India (RBI) to speed-up the process of recalibration of Automated Teller Machines (ATM) on November 16, 2016 to dispense the new denomination notes.
• The Task Force headed by SS Mundra, Deputy Governor, the RBI will work to speed-up work on ATMs to dispense higher denomination notes.
• The 8-membered team will also consist of representatives from the Union Finance and Home Ministries, the RBI, State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and National Payments Corporation of India (NPCI). Besides, representative from each of ATM Original Equipment Manufacturers (OEMs), Cash in Transit (CIT) companies and White Label ATM (WrA) operators will be invited to the Task Force's deliberation.
• The Task Force headed by SS Mundra, Deputy Governor, the RBI will work to speed-up work on ATMs to dispense higher denomination notes.
• The 8-membered team will also consist of representatives from the Union Finance and Home Ministries, the RBI, State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and National Payments Corporation of India (NPCI). Besides, representative from each of ATM Original Equipment Manufacturers (OEMs), Cash in Transit (CIT) companies and White Label ATM (WrA) operators will be invited to the Task Force's deliberation.
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