what is denomination in atm

In the context of an ATM, denomination refers to the specific face value of the Indian Rupee notes that the machine dispenses, such as ₹100, ₹200, and ₹500. The denomination of notes determines the combination of currency you receive for your withdrawal amount. For example, withdrawing ₹700 will typically be dispensed as one ₹500 note and two ₹100 notes. The Reserve Bank of India (RBI) often directs banks to ensure sufficient availability of smaller denominations like ₹100 and ₹200.