How many ATMs are there in India in 2020?
234,244
The total number of ATMs in India stands at 234,244 by end of September 2020, marginally down from 2,34,357 in March 2020, according to RBI data.
Who are the users of ATM?
Anyone with a credit card or debit card can access cash at most ATMs. ATMs are convenient, allowing consumers to perform quick self-service transactions such as deposits, cash withdrawals, bill payments, and transfers between accounts.
Which bank has most ATMs in India?
1. HDFC Bank
| Type | Private Company |
|---|---|
| Products | Banking |
| Asset | ₹1,746,870 crore (US$230 billion – 2021) |
| Number of Branches | 5,500 (Jun. 30, 2019) |
| Number of ATMs | 13,514 (Across India) |
Is ATM business profitable in India?
Let us consider the following scenario: Footfall in your ATM is good and around 200 transactions are made every day out of which 50 are non-financial transactions and 150 are cash withdrawals so you will approximately earn Rs. 2,500 per day and approximately Rs. 75,000 a month.
How many ATM are in India?
In 2021, there were over 238 thousand automatic teller machines (ATMs) across India. This was an increase compared to around 200 thousand ATMs in 2019. Typical locations of ATMs are inside or outside of bank branches, inside shopping malls, or at railway stations and airports.
Who uses ATMs the most?
Men use ATMs more frequently than women across all activities. The largest discrepancy between male and female ATM use is for getting cash: Male – 4.7 times per month, Female – 3.8 times per month. ATM use decreases dramatically with age.
Which Indian state has highest ATM?
The correct answer is Sikkim. On December 12, 2003, UTI Bank inaugurated its ATM at Thegu, near the Nathu-la Pass in Sikkim, which is at 13,200 feet above sea level. That makes it an ATM at the highest location in India.
Which state has most ATM in India?
Maharashtra
Maharashtra has the highest number of automated teller machines (ATMs) in the country at the end of the financial year 2016-17, according to Reserve Bank of India data. The state has 25,711 ATMs, which means more than one out of every 10 cash dispensing machines in India are located in Maharashtra.
How much do ATM owners make in India?
Rent, franchise and earnings However, if, over a period of time, your ATM sees 200 transactions a day, of which, say, 160 are withdrawals and 40 are non-financial transactions, you stand to earn a total of Rs 2,600. Even after deducting your costs, you could earn around Rs 53,000 (Rs 78,000—25,000) a month.
Which country has most ATM?
Based on a comparison of 156 countries in 2020, China ranked the highest in number of ATMs with 1,013,900 ATMs followed by India and Russia. On the other end of the scale was Comoros with 33.0 ATMs, South Sudan with 46.0 ATMs and Seychelles with 67.0 ATMs.
Which country has most ATM machines?
Automated teller machines (ATMs) Macau is the top country by automated teller machines in the world. As of 2020, automated teller machines in Macau was 321.3 number per 100,000 adults that accounts for 3.98% of the world’s automated teller machines.
What is white ATM?
The Automated Teller Machines (ATMs) which are set up, owned and operated by non-bank entities are known as “White Label ATMs” (WLAs). Non-bank entities which are incorporated in India, under the Companies Act 1956, are allowed to run WLAs.
Where is world highest ATM?
Khunjerab Pass
The National Bank of Pakistan (NBP) recently sent a new GUINNESS WORLD RECORDS ATM by installing the world’s highest ATM (automated teller machine) at the Pak China border, Khunjerab Pass. The ATM has been installed at a height of 16,007 feet above sea level, making a world’s highest altitude ATM anywhere in the world.
Which Bank installed the first ATM in India?
The correct answer is HSBC. HSBC — the Hongkong and Shanghai Banking Corporation — was the first bank to introduce the ATM concept in India way back in 1987. Now, most of the banks have their ATM outlets in India. The ATMs installed were from Diebold.
How many ATM transactions per day in India?
Under the revised policy, a customer is allowed eight free ATM transactions in a month. Of these, five are at the ATM of the bank which has issued the card. Three free transactions are permitted when the debit card is used at the ATM of other banks.
Which Indian Bank has largest ATM network?
State Bank of India Manages Nation’s Largest ATM Network The State Bank of India has over 75 million customers, 9,000 branches and 200,000 employees. When it was time to implement a state-of-the-art ATM system, it moved swiftly.
How much cash is stored in an ATM in India?
– A typical ATM has 4 cassettes in it. – Each cassette holds 22 packets of notes. – Each packet has 100 notes in it.