Banks shut down Over 2000 ATMs in 10 months

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Notwithstanding the fumble of cash that individuals confront, PSBs have as of now for all time shut piece of their ATM arrange. As indicated by information accessible at the Reserve Bank of India, in excess of 2000 ATMs from various banks are forever shut.

The ATM conclusion program kept running from 2017 to 2018 February, for a time of 10 months. It was amid this time 2000 ATMs were shut. From May 2017, the number of ATMs in the nation added up to 110,116, while in 2018 February the number of ATMs in the nation diminished to 107,630. The purpose for the conclusion of these ATMs is known as “taken a toll reserve funds”.

Bank of India 208 ATMs, Canara Bank 997 ATMs, ATMs of 344 national banks and the National Bank of Punjab 1.122 ATMs were shut amid this period. When banks are heaping up colossal incomes for the sake of administration charges and different expenses by proceeding to swallow clients’ cash, it is stunning to see banks near ATMs trying to diminish the cost of the administration. abuse.

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