Delhi: Today in India digital payments can be made immediately, but now the Reserve Bank has decided that due to lack of money, many times we go to the market to buy something. This time we give a 500 rupee note to the shopkeeper. But the shopkeeper asks for change money and the customer goes back when there is no change money. There is currently a shortage of loose money in the market. In the digital era, we pay through Zippy, Paytm or any other UPI, but a section of the society still uses cash and shopkeepers do not have loose money, which is creating a shortage of loose money in the market. Keeping this in mind, the Reserve Bank has taken an important decision.
Consider increasing the number of small notes
According to the information received from sources, it is now being considered to increase the number of small notes in ATMs. A complaint has reached the Reserve Bank that small notes are not available in the market. The Reserve Bank is considering increasing the number of small notes in ATMs. Apart from this, various options for disposal of leave money will also be considered. Guidelines can also be issued by the government to increase the number of small notes in ATMs.
read this also
Also consider installing UPI based ATM
In these new options, the government can also consider installing UPI based ATMs. Common people will be able to withdraw small notes from these UPI based ATMs. After these complaints, the Reserve Bank officials have taken cognizance of the matter. An important meeting of RBI officials was held this month on the issue of free money. Several suggestions were made in this meeting. Steps are likely to be taken to introduce more small notes from UPI ATMs.