CURRENT AFFAIRS

Detailed explanation-1: -Banks shall ensure (if required, through their outsourced / managed services providers) that: at least one cassette in each ATM is configured to dispense banknotes of ₹ 100 denomination immediately. ATM fit notes (fresh and/or recyclable) are supplied to the necessary agencies to ensure the above; and.

Detailed explanation-2: -The correct option is D 10, 000. Q. The RBI prints all currency notes including the one rupee denomination notes.

Detailed explanation-3: -The RBI, in June last year, allowed banks to charge up to Rs 21 per transaction at the ATM (Automated Teller Machine) above the monthly free transaction limit, effective from January 1, 2022. Usually, banks offers five free transactions at the ATMs every month. Any transaction after that is chargeable.

Detailed explanation-4: -The RBI’s current currency-issuing system is known as the Minimum Reserve System. It was passed into law in 1956. The RBI is required to retain a minimum reserve of an amount of about Rs 200 crores in foreign currencies, gold coins, and gold bullion under the Minimum Reserve System.