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Chamarti Sreekar

Passionate about Pos...ย โ€ขย 2m

For those wondering why ATMs are being installed on trains โ€” hereโ€™s the real reason: the TCs prefer cash not UPI Thereโ€™s a bigger game plan at work here. Itโ€™s a masterstroke under Modiโ€™s Guarantee to boost employment: 1. Security guards to protect the ATMs 2. Thieves to โ€˜stimulateโ€™ the economy 3. RPF officers to chase the thieves 4. Technicians to maintain the ATMs With over 4,000 trains running across India, you can do the math. Itโ€™s not just financial inclusion โ€” itโ€™s full employment on wheels!

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Dinakar

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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

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gray man

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The Reserve Bank of India has directed banks to ensure that ATMs dispense โ‚น100 and โ‚น200 notes. This move aims to make these widely used denominations more accessible to the public.

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