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flag India tests hybrid ATMs in Mumbai to let people exchange ₹500 notes for smaller denominations on demand.

flag India is testing hybrid ATMs in Mumbai to tackle small-change shortages caused by high-denomination notes, allowing users to exchange ₹500 bills for ₹10, ₹20, and ₹50 notes and coins on demand. flag The pilot, focused on busy public locations, aims to support cash-dependent workers and vendors amid rising UPI usage. flag The Reserve Bank of India may increase small-note production to sustain supply. flag While the initiative could improve access in underserved areas, challenges remain around printing, logistics, maintenance, and whether ATMs alone can solve broader cash access issues.

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