Withdrawing cash from an ATM will now cost Rs 19 per transaction, up from Rs 17. Similarly, checking account balances at ATMs will now cost Rs 7 per transaction instead of Rs 6.
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
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
Ethenol product company startup. Mostly next generation not use petrol, diesel. But use to low cost fuel. Ex. Battery 🔋,ethenol
#petrol High cost per litre -98/96 $
#desel High cost per litre - 91/ $
All most teaching per litre 100 rupees
So many
I recently made a series on topic discord make around 18k in 5 days, now similarly I'm trying teespring and checking if I can earn from it or not....do someone have more crazy ideas like this to try...which even require skills...but still are easy to
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1 replies5 likes
Shreyas Ramdasi
Mechanical Engineer • 11m
Mobile phone bills are set to increase as Reliance Jio and Bharti Airtel have announced significant tariff hikes. Jio revealed a 12-25% increase on Thursday, followed by Airtel's announcement of price hikes on Friday. This marks the first major rate
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0 replies3 likes
DK
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Ride • 1y
I'm baffled how namma yatri makes money?
Considering a driver takes on average 10 trips a day that's 2.5 Rs per trip
One drop location search can cost from 0.6 to 1.5 Rs and 50% of searches never make a trip. If they use accurate ETA for matching
A day after the spectrum auctions, Akash Ambani-led Reliance Jio has taken the lead in hiking mobile service tariffs.
The company announced tariff hikes ranging from 12.5% to 25% across most of its plans, effective from July 3, 2024.
Jio’s lowest
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6 replies7 likes
Tarun Suthar
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The Institute of Chartered Accountants of India • 16d
How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔
Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet.
🚀🔥
Here’s how it helps:
1️⃣ Calculate
Average Cost of 1GB Mobile Data in India
2015: ₹250 - ₹300
2025: ₹12 - ₹17
That's a 95% drop in a decade!
From luxury to lifeline — India now offers one of the cheapest mobile data rates in the world.