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UPI, RBI rules …: Why Banks are shutting down ATMs​

Indian banks are phasing out ATMs and cash recyclers despite record cash circulation. The shift is attributed to the rising popularity of digital payments and a focus on digital transformation. While cash remains significant in the Indian economy, ATM penetration is low.

​ Indian banks are phasing out ATMs and cash recyclers despite record cash circulation. The shift is attributed to the rising popularity of digital payments and a focus on digital transformation. While cash remains significant in the Indian economy, ATM penetration is low. Indian banks are phasing out ATMs and cash recyclers despite record cash circulation. The shift is attributed to the rising popularity of digital payments and a focus on digital transformation. While cash remains significant in the Indian economy, ATM penetration is low. Read More

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