Banks begin dispensing Rs 100 notes through ATMs
Summary
Banks in Nepal have begun dispensing Rs 100 notes through selected ATMs ahead of Dashain after a directive from Nepal Rastra Bank. The move is aimed at easing access to small denominations and reducing crowds at bank counters.
Key Points
- Banks and financial institutions have started loading Rs 100 notes into selected ATMs in Kathmandu Valley ahead of Dashain.
- Nepal Rastra Bank issued the directive to reduce queues at bank branches and make smaller notes more accessible.
- The service is currently limited to ATMs with newer technology and multiple cash cassettes.
- The initiative is expected to help students, low-income customers and others needing small-denomination cash.
