RBI denies Central Railway Rs 7.4 crore change for travellers

The Central Railway (CR) sent a (verbal) request to The Reserve Bank of India (RBI) for change worth Rs 7.4 crore, but this request was shot down. The commercial department of CR told the RBI that they would need to give change to over 47 lakh commuters who use its railways.

An official said on the condition of anonymity, “The RBI told us that they cannot do so since they themselves have been asked by banks and ATMs to keep change ready.”

The CR has asked commuters to tender exact change and officials said that most counters were out of change by 10 am on Wednesday.