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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.

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

💳 The Future of ATM Withdrawals: QR-Based and Cardless 💳 QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! 📲 With just a scan, no physical card is required, making transactions faster, safer, and contact-free—perf

[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

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

Reliance Industries faces challenges across key segments: 1. Oil-to-Chemical (O2C): Declining global demand and falling exports led to a 23% drop in EBITDA in Q2 FY25. 2. Jio Digital Services: While revenue grew by 17.7%, recent tariff hikes cause

Cash Burn Nahi, Dimaag Burn Hai! Kunal Bahl’s Startup Gyaan Hits Hard Kunal Bahl, the Snapdeal wala shark, basically said Cash burn is not the villain if you’re not a total idiot throwing money at stupid stuff. Startup life mein paisa jalana is fine

PayNearby: A Small Shop Idea That Went Big Not every startup starts in a fancy office some begin in small kirana shops that exactly what happened with PayNearby. Back in 2016 the founder Anand Bajaj noticed something simple digital payments were ev