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Please view our full advertiser disclosure policy. Yaroslav Myronov, Getty Images ATMs are designed for convenience. First introduced in the late 1960s, they provide 24/7 service in high-demand areas.

As a result, India’s ATM model is shifting toward a global standard of two machines per branch (one on-site and one off-site), according to industry experts cited in The Economic Times report.

Christopher Murray is a professional personal finance and sustainability writer covering topics from budgeting to unique investing options like socially responsible investing and cryptocurrency.

ATM penetration in India remains low with only 15 such machines available for 100,000 people Industry experts predict that India will soon be adopting a global model of two ATMs per branch, one ...

From creative tech sets to DIY gifts, these are the best, coolest, and most affordable birthday and Christmas gifts for ...

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Effective from January 1, 2022, customers of most banks can make up to five free ATM withdrawals per month, as per the Reserve Bank of India's updated guidelines. These five ATM transactions cover ...