Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments
4000 ATM Machines Closed in Last 1 Year
Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore
India Has Only 15 ATMs For 1 Lakh People
A story on ATMs -
Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year.
This tiny growth isn't driven by banks, but instead by
Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards
No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin
😂🤣 Spam: State bank of India calling through a private number informing me that press 9 else all my accounts from all the banks under my name will be closed 🤣😂
In 2008 His dream project, the Nano a Car 🚗 priced at Rs 1 lakh 💰 faced significant hurdles in West Bengal due to political slugfest, leading Tata to relocate it to Gujarat, praising then-CM Narendra Modi for being " Industry friendly and business
[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :-
- UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account
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2 replies9 likes
Inactive
Stealth • 3m
10 Startup Schemes for Indian Students in 2024 🇮🇳
1. Startup India Seed Fund Scheme
→ Up to ₹20 lakh for proof of concept
2. Atal Innovation Mission (AIM)
→ Incubation centers and mentorship programs
3. NIDHI-EIR (National Initiative for D
Guys, Ive a serious question.
Why no one opens a proper departmental store in india????
Spencers was there but they closed it.
Departmental stores are something whixh have litteraly everything.
But why no one is opening them in india, like proper
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0 replies2 likes
Mahendra Lochhab
Stealth • 5m
Growth of manufacturing businesses in India-
Dixon Technologies will manufacture Google Pixel 8 smartphone in India.
While trial production of the devices has already begun, the first batch of these India-made Google Pixel 8 will hit stores by Sept
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0 replies6 likes
SHIV DIXIT
Stealth • 7m
You just need to invest 15crores to become mla of any area in India firstly you need to
Give free food to everyone that will cost you around 12k per day and then you need to give free water coolers in whole area that one water cooler cost you around
VISA isn't a credit card company.
They're the world's most profitable middleman:
No credit risk
No bank ownership
Just a 2.5% toll on $15.5T in yearly spending
Here's their perfect business :
1. Let these numbers melt your brain:
14T+ processed