The Confederation of ATM Industry (CATMi) warned on Wednesday that nearly 50 per cent Automated Teller Machines (ATMs) may be shut down by March 2019 due to unfeasibility of operations, this will be hitting hard both urban and rural population.
India has approximately 2,38,000 ATMs, out of which around 1,13,000 ATMs, including 1,00,000 off-site and more than 15,000 white label ATMs, are expected to close down, said a CATMi spokesperson.
“This would severely impact millions of beneficiaries under the Pradhan Mantri Jan Dhan Yojana who withdraw subsidies in the form of cash thro ...
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