Delhi HC: Writ Petition Not Maintainable Against Provisional Attachment When PMLA Remedy Exists  ||  Rajasthan HC: Magistrate Can’t Order Secured Creditor to Pay Police Expenses For Asset Possession  ||  Orissa HC: Court Can’t Permit Intervenors Without Reason or Compel Plaintiff to Join Unrelated Party  ||  Delhi HC: Section 498A IPC Applies Even if Marriage is Later Declared Invalid  ||  AP HC: State Can’t Cite Financial Constraints to Withhold Gratuity, Denying Retirees Violates Art 21  ||  Madras HC: Marriage Does Not Grant Men Absolute Authority, Woman’s Endurance is Not Consent  ||  Delhi HC: Ordinary Marital Friction or Taunts Do Not Constitute Cruelty under Law  ||  Punjab & Haryana HC: Family Property Disputes Cannot Be Resolved under Maintenance of Parents Act  ||  Delhi HC: Bribe Profits Invested in Shares Are Proceeds of Crime and Attachable under PMLA  ||  Delhi HC: 'No Coercive Steps' Does Not Mean Stay or Suspension of Investigation    

RBI increases incentives for ATMs dispensing lower denomination notes- (Reserve Bank of India) (05 May 2016)

MANU/RDCM/0004/2016

Banking

The Reserve Bank of India revised ‘Incentives & Penalties’ in the Currency Distribution & Exchange Scheme. By revision, the incentives for installation of machines have been restricted to Cash Recyclers & ATMs dispensing lower denomination notes.

CDES has been formulated keeping in mind customer service, with special regard to exchange of notes and coins. Banks providing such additional facilities receive incentives for the same. For instance, banks that install ATM machines dispensing lower denomination notes (up to Rs. 100), are reimbursed 50 per cent of the cost of the machine, up to a maximum of Rs. 2,00,000 – incentives are higher still if the machine is installed in a semi-urban or rural area.

Relevant : Currency Distribution & Exchange Scheme MANU/RDCM/0002/2015

Tags : CURRENCY DISTRIBUTION   INCENTIVE   DENOMINATION  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved