Post Demonetization, the ignored, humble ATM has indeed found a new found respect. Nowadays- November-December, people can be found in front of an ATM to withdraw sundry cash for their day to day dealing. So, when was ATM first came into existence in.
In my initial research, Quora says it was 1987. In my earlier days spent in Calcutta, my previous office Business Standard, at BBD Bag chottor. Little I knew that it was the HSBC (Hongkong and Shanghai Banking Corporation) that introduced the ATM concept in India and the year was 1987.
In my initial research, Quora says it was 1987. In my earlier days spent in Calcutta, my previous office Business Standard, at BBD Bag chottor. Little I knew that it was the HSBC (Hongkong and Shanghai Banking Corporation) that introduced the ATM concept in India and the year was 1987.
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| HSBC-BBD Bag, Calcutta |
As per an article published on HuffPost there are about 2 lakh ATMs all over India and the average transaction everyday is about ₹4,000 whereas the average number of transactions happening every days is about 125 per ATM so the ATMs handle over ₹10,000 crore in currency everyday.
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