Hybrid ATMs to Dispense Small Notes, Solve Change Problem for Daily Transactions
Business
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News18•28-01-2026, 21:15
Hybrid ATMs to Dispense Small Notes, Solve Change Problem for Daily Transactions
- •The central government plans to introduce 'Hybrid ATMs' that dispense small denomination notes like Rs.10, Rs.20, and Rs.50.
- •These ATMs will also allow users to exchange larger notes for smaller ones, addressing the common issue of lack of change.
- •A pilot project for Hybrid ATMs is currently underway in Mumbai, strategically placed in high cash usage areas like markets and railway stations.
- •Despite the rise of digital payments, cash remains crucial for daily wage earners, street vendors, and commuters, making small notes essential.
- •The initiative aims to manage cash circulation more efficiently and ease daily transactions for millions, with RBI considering printing more small notes.
Why It Matters: Hybrid ATMs will provide small denomination notes and change, easing daily cash transactions for millions.
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