Rs 200 notes: Wait for 3 more months as ATM recalibration is not yet done

It is yet to be seen whether all the 2.25 lakh ATM machines across India would be recalibrated

While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration.

Some banks have even asked the ATM companies to begin testing the new note for recalibration of the machines, though they have not got supplies of the new currency. Only last year, the banks were involved in recalibration of ATM machines after the demonetization of high-value currency notes in November.

Reserve Bank of India (RBI) did issue a statement saying that the supply of the