Following the instruction of Nepal Rastra Bank, banks and financial institutions have started distributing new 100 rupee notes through selected ATM machines.
Easy Access for Dashain
With the Dashain festival coming, people can now get new 100 rupee notes from ATMs in some areas of Kathmandu valley including Durbar Marg, Singha Durbar, and New Road. This change is made so that customers do not have to visit bank counters just to get new notes.
ATM Capability and Future Plans
According to the Rastra Bank, many banks are planning to keep new 100 rupee notes in about 15 to 25 percent of their total ATM machines. Modern ATMs have 3-4 cassettes which make it easy to put these notes inside. However, some older machines have technical limits that make it hard for the service.
Benefits for the Public
It is expected that having these small denomination notes in ATMs will be very helpful for students, people with low income, and those who need small cash for daily use. Also, the long lines that usually happen at bank counters during festivals will be reduced by this new arrangement.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
