Hybrid ATMs to End Small Change Woes: Exchange Large Notes for Smaller Denominations
Personal Finance
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CNBC Awaaz•27-01-2026, 12:54
Hybrid ATMs to End Small Change Woes: Exchange Large Notes for Smaller Denominations
- •Central government plans to install hybrid ATMs to address the shortage of small denomination notes.
- •These new ATMs will allow users to insert large notes (₹500, ₹200) and receive smaller denominations (₹10, ₹20, ₹50).
- •The trial of this scheme is currently underway in Mumbai, targeting crowded areas like markets and railway stations.
- •The initiative aims to benefit daily wage earners, small shopkeepers, and commuters who rely heavily on cash.
- •RBI is involved, considering increased printing of small notes to ensure adequate supply for these ATMs.
Why It Matters: Hybrid ATMs are coming to solve small change problems by allowing exchange of large notes for smaller ones.
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