New Delhi: When you withdraw cash from an ATM, more 500-rupee notes come out, but this will no longer happen. ATMs will now dispense smaller notes, i.e., 100 and 200 rupee notes, in full swing. This means that you will no longer feel the shortage of small notes. The Reserve Bank of India has won everyone’s approval by issuing a significant directive to banks regarding the withdrawal of money from ATMs.
RBI has instructed all banks and white label ATM operators to dispense 100 and 200 denomination notes with a minimum of one cassette. Usually, there are four cassettes in an ATM. According to the RBI report, there were 2.20 lakh ATMs till March 31, 2025. Additionally, there are 35,000 white label ATMs. You won’t have any problems with this. This will provide significant relief to the general public.
People will get great convenience
According to the notification of April 28, action has been taken to increase people’s access to banknotes of the most commonly used denominations. All banks and white-label ATM operators will ensure that 100- and 2000-note denominations are dispensed from their ATMs regularly. According to experts, this is sure to provide convenience for the general public, making transactions much easier by withdrawing common small notes.
30 SeptembSeptember 30the date
The Reserve Bank of India has directed the distribution of 75 per cent of 100- and 200-rupee notes by September 30, 2026. It will be easy to distribute 100 or 200 notes from a minimum of one cassette in 90 per cent of the cases. Additionally, ₹ 50,000 will also be available.
Will the 500 note be discontinued?
There is a discussion among people whether the 500-rupee note will be discontinued in future. According to some experts, the RBI can announce the discontinuation of the 500-rupee note. The RBI’s focus is on increasing the circulation of 100 and 200 rupee notes. In such a situation, the 500-rupee 500-rupeebe discontinued. In any case, the government is now relying more heavily on digital payments.