Feeding of fake notes in coin vending machines led to launch UPI-based alternative: RBI
Earlier in the day, Governor Shaktikanta Das announced the 'QR Code based Coin Vending Machine - Pilot project'. "Unlike cash-based traditional Coin Vending Machine, the QCVM would eliminate the need for physical tendering of banknotes and their authentication," Das said, adding people can withdraw coins in required quantities and denominations.
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