New Delhi: Here comes a piece of news for all customers who are frequent in withdrawing cash from ATMs. When next time you go to the nearest ATM and want to withdraw Rs 2,000 notes, it might come as a disappoint for you as the Chennai-based Indian Bank has decided to load more of Rs 200 notes and stop loading Rs 2,000 notes in its ATMs. The decision from the Bank has been taken for the betterment of customers. Also Read - State Bank of India Customer Alert! SBI Card Finalises IPO Price Band at Rs 750-755 Per Share
“After withdrawing cash from ATMs customers come into the bank branches to exchange Rs 2,000 notes for smaller denomination currency notes. In order to avoid that, we have decided to stop the loading of Rs 2,000 denomination notes in ATMs with immediate effect,” one Indian Bank official told news agency IANS. Also Read - Top 50 Non-banking Finance Companies Are Under RBI Scanner: Shaktikanta Das
The bank official said customers can withdraw Rs 2,000 notes from bank branches and then they can also deposit them at bank branches and ATMs. However, the bank in a statement said that the 2,000 currency notes left in ATMs after March 1 will be taken out and those currency notes will not be available for customers.
A notification in this regard was issued by the bank on February 17 in which the bank stated that the cash dispensation from Rs 2,000 currency cassettes would be disabled at all ATMs and cash recyclers on March 1, 2020.