ATMs in India

31.1.2014 Nicky Herak


An ATM or automated teller machine is the one of the most widely accepted technological advancements in the Indian society. Every bank customer uses ATMs on a daily basis because of its ease of use and speedy transaction handling.



In a study it is seen that the number of ATM customers is high and that the number is increasing day by day. It has been estimated that there are more than 100,000 ATMs present all over India. Experts say that the number of ATM has doubled in the previous three years and they are also expecting that the number of ATMs will double again in another three.



In the present day, more people in India prefer ATMs because it is a place which serves many purposes. One is able to withdraw cash from the machine, get an account statement, open a fixed deposit account, request cheque books and deposit cheques. Many ATM machines also give the option to its customers withdrawing cash to choose the type of denomination. Thus ATMs act as a multipurpose machine to the citizens of India.



The greatest advantage of this machine is that one can withdraw money from any bank’s ATM. For example if you have an account with a particular bank you can still withdraw money from another bank’s ATM.  And you do not need to wait in a queue for long as happens in a normal bank transaction. The ATM cards given to the customers are also nationalized meaning that even if one has an account in a particular city he/ she can use the card anywhere in India.



In a study it is seen that in the Indian subcontinent, the installment of ATM machines and their use is more in the urban areas and less in small towns and rural areas. It is estimated that about seventy percent of the ATM’s present, are situated in big cities and towns and this number is increasing daily. Experts have said that the banking sector is giving more emphasis on spreading ATMs in rural areas and small towns. They have estimated that by the year 2016, the number of ATM’s in the rural sector is going to increase two fold from the present scenario.


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