"A format (has been provided) which enables banks to capture information about high-denomination notes which are being provided and also what is the requirement which will suffice for purposes of identification," Financial Services Secretary Anjuly Chib Duggal said.
She further said it is all being put that is easy to read and very easy to operate so that each customer is taken care of in a very short span of time.
"Availability of cash... That is something which has been taken care of. So, the ATMs have to be refilled again and again," she said.
RBI has asked all cash logistics companies to replace high denomination notes and fill it with valid notes including Rs 100 so that ATMs are functional from November 11.
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"We will be working with RBI if any refinement is required," she said.
In a surprise move, Prime Minister Narendra Modi last night announced demonetisation of Rs 1,000 and Rs 500 notes with effect from Wednesday to fight the menace of black money, fake currency, corruption and terror financing.
Customers can deposit their old Rs 500 and Rs 1,000 notes in their bank accounts tomorrow and also exchange them with lower denomination or the new Rs 500 and Rs 2,000 notes but with a limit of Rs 10,000 per day or Rs 20,000 a week.
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