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
How ATMs Make Money – Let's Find Out! 🤑💸
1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income.
2. Balance Inquiry Fees: Checking yo
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6 replies5 likes
Laxit Rana
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Repute • 3m
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 🤣😂
5 replies13 likes
Chamarti Sreekar
Stealth • 2d
Apple has reached over ₹1 lakh crore in iPhone exports from India in 2024.
iPhone exports from India.
2023: $9 billion
2024: $12.8 billion
How much would you spend on building an MVP app in India? 💡
1. Less than ₹1 lakh
2. ₹1-3 lakhs
3. ₹3-6 lakhs
4. ₹6 lakhs+
What’s your take? Share your thoughts! 👇
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
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
Inactive
Stealth • 5m
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