Begin typing your search above and press return to search.

UBI ATM dispenses Rs 200 note

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  10 Oct 2017 12:00 AM GMT

GUWAHATI, Oct 9: Reserve Bank of India has launched Rs 200 note on August 25. Since then the customers have been receiving the note from the bank branches. However, the same was not available on the ATMs as it is a new denomition altogether and require ATM calibration.

United Bank of India, headquartered in Kolkata, having ATM network of more than 2000 ATMs, has become the very first bank to configure its ATM for dispensing Rs 200 Note completing the change at all levels.

ATM located in eZone in 11 Hemanta Basu Sarani, adjacent to Bank’s OCH Street Branch and Head Office of the Bank is now dispensing Rs 200 note. The bank has informed that this ATM has been made operatiol as a pilot one and other ATMs would be ebled for the said service in a phased manner.

A typical ATM has 4 boxes, known as cassettes, which are equipped to handle different denomitions of notes.

Normally the ATMs are configured to dispense Rs 100, Rs 500 & Rs 2000 notes. As the new RS 200 note is a new denomition and the dimension of the note is different from other existing notes, thorough technical change and testing was required at multiple level including ATM machine, ATM Switch and Core Banking System.

Next Story