Automated Teller Machines (ATMs): India
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Automated teller machine numbers
2012-13
ATM cos see scope for more growth
Mayur Shetty TNN
The Times of India 2013/08/16
Given above are the logistics involved in moving new notes from the presses to ATMs. Considering that India over 200,000 ATMs across the country (Nov 2016) this is undoubtedly a challenging and complex business.
The Times of India
Given above are the logistics involved in moving new notes from the presses to ATMs. Considering that India over 200,000 ATMs across the country (Nov 2016) this is undoubtedly a challenging and complex business.
The Times of India
Given above are the logistics involved in moving new notes from the presses to ATMs. Considering that India over 200,000 ATMs across the country (Nov 2016) this is undoubtedly a challenging and complex business.
The Times of India
Mumbai: Despite public sector banks adding another 18,906 ATMs to their network in 2012-13 — an increase of 26% — the average number of transactions per machine is keeping pace, indicating that there is scope for growth.
RBI data shows that in June 2012, public sector banks had deployed 56,801 ATMs with average transactions of 183 per day and average daily withdrawals worth of Rs 4.9 lakh per machine. A year later, the number of ATMs has jumped to 75,707 machines and the average number of transactions continues to be close at 167 with average daily withdrawal of Rs 4.8 lakh.
This is good news for the nine companies that have been awarded contracts by public sector banks to invest in ATMs on their behalf and earn a return out of transaction charges they receive from banks. Exactly one year ago, the finance ministry carved the nation into 13 zones and auctioned off each zone to companies that agreed to the lowest transaction charge. All PSU banks have signed contracts with nine firms which include startups, and giants like the Tata group and US-based NCR.
Although average daily transactions have dropped from 183 to 167, bankers say that this is explained by the fact that a large chunk of deployments took place in the second half of the year. “Inadequacy of servicing the entire demand through traditional banking methods and pressure on banks to reduce costs has led to growth of ATM industry in India,” said Vidya Mani, promoter of Electronic Payments and Services India, which has received the contract for installing ATMs in Maharashtra.
ATM density: 2016, state-wise
The Times of India
ATM density. Compared to around 2,000 people per ATM in some lucky states, including Delhi and Tamil Nadu, more than 11,000 scramble for cash at a single ATM in Bihar and Uttar Pradesh
2016: Out of two lakh ATMs, only 1.2 lakh operational
Out of two lakh ATMs, only 1.2 lakh operational, Nov 13 2016 : The Times of India
Out of two lakh ATMs, about 1.2 lakh are operational [Nov 2016].At present only Rs 100 notes are being disbursed from ATMs.
The experience, the management
How money reaches ATMs
See three graphics
ATM: A change in banking experience
The Times of India , Sep 12 2015
The former chairman of America's Federal Reserve, Paul Volcker, had once famously remarked that the only useful banking innovation was the invention of the ATM. First installed in Enfield Town, North London, in 1967, the machine has radically changed the banking customer's experience. The ATM Industry Association, a global non-profit industry association, estimates that there are over 2.2 million ATMs installed across the world. A comparison with other major economies shows that ATM penetration is among the lowest in India. Compared to a global average of 34 machines per lakh adults, India has only 13 per lakh.
