NRB Requests Banks to Provide 100 Rupee Notes in ATMs Ahead of Dashain
Summary
Nepal Rastra Bank has asked commercial banks and financial institutions to arrange ATM dispensing of 100 rupee notes ahead of Dashain. The move is aimed at easing crowding at bank counters and meeting rising demand for small denominations during the festive season.
Key Points
- Nepal Rastra Bank wants ATMs to dispense 100 rupee notes instead of only 500 and 1,000 rupee bills.
- The central bank says smaller notes are in higher demand ahead of Dashain for daily purchases, celebrations, and gifts.
- Technical adjustments can be made with banks' consultation to enable the change.
- NRB expects the move to reduce congestion at physical bank counters and improve crowd management.
