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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

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

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

The Reserve Bank of India has directed banks to ensure that ATMs dispense ₹100 and ₹200 notes. This move aims to make these widely used denominations more accessible to the public.

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 🤣😂

i have an idea of building an app that can show the balance in the ATM(with some extra features ) , so users can go to the ATM that has enough money for the user (used needs ) . my question is 1. is it relevant in this digitalization world where

For those wondering why ATMs are being installed on trains — here’s the real reason: the TCs prefer cash not UPI There’s a bigger game plan at work here. It’s a masterstroke under Modi’s Guarantee to boost employment: 1. Security guards to protect

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