Rao has explained that the new currency notes — Rs 500 and Rs 2,000 — are slightly smaller in size as the width of the these notes is slightly smaller. And, by recalibration, it now means that banks will have to remove the Rs 1,000 cassette setting and replace it with a new setting to match the new Rs 2,000 notes. Clearly, this will involve some software as well as hardware changes.
Since, the new notes are slightly smaller, there is the need to adjust the grilles that hold these notes inside the cassette, he adds. A type of railing is fitted within, which ensures that these notes are dispensed one by one and pushed by a push-plate. In front of the cassette, there are rollers that pull these notes one by one and then pushes them out. So, it is important that the notes be set up in a way that helps dispensing them in a smooth manner one by one without any folds or the possibility of them getting stuck. Essentially, the railings will have to be adjusted to hold the new smaller notes firmly, and and the software related to cassettes will also have to be changed.
“Each ATM will have to visited and configured to make these changes,” Rao adds. The software-hardware balance will be needed to help dispensing the notes.
