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
💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦
1️⃣ Banks take deposits from customers at ~4% interest.
2️⃣ They lend that money to borrowers at ~10% interest.
💰 The 6% spread is their profit.
🔍 Key Banking Terms You Should Know:
Today, early in the morning, I woke up at 6 AM, got ready properly, and sat down to trade at 8:30 AM, only to realize that the market is closed today 🥹🥹. Nothing is going to happen today.
*Global Market Indices*
- *S&P 500*: Closed at 5,636.40, up 0.18% from the previous close
- *Nasdaq*: Closed at 19,568.40, up 0.32% from the previous close
- *Dow Jones*: Closed at 41,520.83, down 0.82% from the previous close
- *NIKKEI*: Clos
😂🤣 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 🤣😂
