Sunday 19 May 2019

DECREASING ATM AND INCREASING PHONE BANKING


DECREASING ATM AND INCREASING PHONE BANKING

Even after digitalization and notebandi cash money is prime requirement of Indian people but in India then increasing ATMs its decreasing
As per RBI report transaction numbers has increased but ATM numbers have degrees
As per IMF and world Bank ok in BRICS countries list ATM are found in India only and it will decrease further

In India banks are trying to reduce ATM charges or amount required for the maintenance and services of ATM

Lot of people will influence because of decrease in ATM

Government branches of banks have decreased because of that ATMs are decrease
After acquiring 5 banks SBI bank has stopped 1080 ATMS and they one become redundant non useful

Because of a security  service charges ATM operators are in loss they are expenditure is more ATMs will not be increased under there is permission from industry committee

APM operators used 50 rupees on from Bank who is debit card or credit card being used

Interchange fee has good impact or large impact on different Bank ATM

Banks are agree to take 15 rupees for the other bank other than starting their own ATM

It's not the solution that you increase transaction fees for other Bank ATMs

Bank will pass on this charge to customer only so customer will be your birthday

After Narendra Modi government 35 crores people have been attached to the bank registered in the bank and subsidy and government help monthly help financial help directly  transfer to other bank account only and not to the intermediary agent or broker

To provide government subsidy we need to have more ATM so that customer will get that money easily

In India for 1 lakh people only 22 ATMs are available in Brazil it is 107 and in China it is 81 in South Africa 8068 Andrews 164 ATMs are available per lac population

Because of decrease in ATM mobile banking can increase

In last 5 years mobile banking has increased by 65% more number of people are inclining and using mobile app for money transfer for money payment

We cannot just predict the future of the ATM and banks are not going to invest if their future is not good



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