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Business News/ Videos / Companies/ Why Banks Close Down ATMs Despite Record Surge in Cash Circulation | Explained

Why Banks Close Down ATMs Despite Record Surge in Cash Circulation | Explained

Name: Why Banks Close Down ATMs Despite Record Surge in Cash Circulation | Explained | Mint Primer
Uploaded: 2024-11-08T15:12:44+05:30
Channel: Livemint
Description: Despite a record surge in cash circulation, Indian banks are actually closing down ATMs and cash recyclers. According to recent data from the Reserve Bank of India, the number of ATMs has dropped from 219,000 in September 2023 to just 215,000 in September 2024. Watch for more!

Updated: 08 Nov 2024, 03:12 PM IST Livemint

Despite a record surge in cash circulation, Indian banks are actually closing down ATMs and cash recyclers. According to recent data from the Reserve Bank of India, the number of ATMs has dropped from 219,000 in September 2023 to just 215,000 in September 2024. Watch for more!

Why Banks Close Down ATMs Despite Record Surge in Cash Circulation | Explained

Despite a record surge in cash circulation, Indian banks are actually closing down ATMs and cash recyclers. According to recent data from the Reserve Bank of India, the number of ATMs has dropped from 219,000 in September 2023 to just 215,000 in September 2024. Watch for more!

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