50 And Counting!!!

In today’s world where life is moving at a fast pace, the human being prefers to access money whenever he requires it. Many customers are choosing banks which would provide them Automated Teller Machine facility. The ATM is a machine which facilitates banking transactions and makes the customer’s life pretty easy.  So when exactly did ATMs come into existence?
  • Around 50 years back, the first ATM was installed by Barclays in London. Since then ATMs have made life simpler.
  • The use of ATMs is growing day by day. In India itself, the monthly volume of transactions is almost 700 million.
  • Countries like Russia, US, UK etc. have more than 1000 ATM’s per million population.
  • In India, Bank of India was the 1st public sector bank to install an ATM. ATMs have been around in India for almost 30 years.
  • Interoperability of ATM is one of the unique features of payment systems in India. I.e. a customer can walk into any ATM in the country and carry out the transactions.
  • They also provide value added services like PIN change, mini statement, funds transfer etc.
  • Even with the digital payment systems now being used extensively, extinction of ATMs is not possible as they play a key role in the banking business.

58 thoughts on “50 And Counting!!!”

  1. Howdy! I simply wish to give an enormous thumbs up for the nice info you could have right here on this post. I will probably be coming back to your weblog for more soon.

  2. We’re a group of volunteers and starting a new scheme in our community. Your website offered us with valuable info to work on. You’ve done a formidable job and our whole community will be thankful to you.

  3. I have read some good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to create such a fantastic informative site.

  4. Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say great blog!

  5. I think this is one of the most significant info for me. And i’m glad reading your article. But wanna remark on few general things, The web site style is great, the articles is really nice : D. Good job, cheers

  6. Hey there, I think your blog might be having browser compatibility issues. When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!

  7. This article is a breath of fresh air! The author’s unique perspective and insightful analysis have made this a truly engrossing read. I’m thankful for the effort he has put into creating such an educational and mind-stimulating piece. Thank you, author, for providing your wisdom and stimulating meaningful discussions through your brilliant writing!

  8. Wonderful website you have here but I was wondering if you knew of any user discussion forums that cover the same topics talked about in this article? I’d really like to be a part of community where I can get comments from other experienced individuals that share the same interest. If you have any suggestions, please let me know. Kudos!

  9. I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Fantastic work!

  10. Thanks for another wonderful post. Where else could anybody get that type of information in such an ideal way of writing? I’ve a presentation next week, and I’m on the look for such information.

  11. Holy cow! I’m in awe of the author’s writing skills and talent to convey complex concepts in a straightforward and concise manner. This article is a real treasure that deserves all the accolades it can get. Thank you so much, author, for offering your wisdom and providing us with such a priceless resource. I’m truly appreciative!

  12. Hello! I could have sworn I’ve been to this website before but after going through a few of the posts I realized it’s new to me. Anyhow, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back frequently!

  13. I’m amazed, I must say. Seldom do I come across a blog that’s both equally educative and interesting, and without a doubt, you’ve hit the nail on the head. The issue is something which too few people are speaking intelligently about. I’m very happy that I came across this in my hunt for something concerning this.

  14. I’m excited to discover this web site. I want to to thank you for ones time for this fantastic read!! I definitely liked every little bit of it and I have you book marked to check out new stuff in your website.

  15. You have made some really good points there. I checked on the internet for additional information about the issue and found most individuals will go along with your views on this website.

  16. Right here is the right website for anyone who really wants to find out about this topic. You definitely put a brand new spin on a subject that has been discussed for a long time. Great stuff, just great.

  17. You are so cool! I do not think I’ve truly read through anything like that before. So good to find another person with some genuine thoughts on this subject matter. Seriously.. thanks for starting this up. This site is one thing that is required on the web, someone with a bit of originality.

  18. Wonderful paintings! That is the kind of info that should be shared across the net. Disgrace on the search engines for not positioning this put up higher! Come on over and visit my web site . Thanks =)

Leave a Comment

Your email address will not be published. Required fields are marked *