Now coins will come out from ATMs like notes, will begin in 12 cities
Now coins will come out from ATMs like notes, will begin in 12 cities

New Delhi: In the speech of RBI Governor Shaktikanta Das, one special thing attracted attention and that was the announcement of vending machines for coins. Shaktikanta Das told that he plans to install a coin vending machine based on QR Code, for this, he is going to start a pilot project.

Governor Shaktikanta Das said that the Reserve Bank of India will launch QR Code based Coin Vending Machine or QCVM. These machines will first be installed in 12 cities as a pilot project. Any customer from these machines will be able to withdraw coins by scanning the QR code on it from his UPI app and it will be debited from his bank account, just as you withdraw bank notes from ATM, similarly, you will be able to withdraw coins from it. This will make coins more accessible in the market. Based on the success of this pilot project, RBI will then go ahead with the plan to distribute coins through these machines. Guidelines will also be issued to the banks regarding this.

Regarding the growth of the country's GDP, Shaktikanta Das has said that India's real growth rate is estimated to be 6.4 percent in the financial year 2023-24. According to Das, it will reach 7.8 percent in the April-June 2023 quarter, which was 7.1 percent in the same period last year. Apart from this, it is estimated to grow at a speed of 6.2 percent in July-September, 6 percent in October-December, and 5.8 percent in January-March 2024 against 5.9 percent. Shaktikanta Das said that the Indian rupee has been more stable than other Asian currencies. He said the global economy is now in a better position than it was a few months ago, but inflation in many countries still remains outside the target range.

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