Business Standard

ATMs are much more than a till-box

Today's ATMs give you everything you want - from withdrawing cash to the possibility of depositing cheques and even opening a bank account

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Ravi B Goyal
Banks have been a part of civil society, in one form or other, since the beginning of money-based transactions. Banking systems have evolved in tandem with currency and foreign trade requirements, giving rise to the regulated conglomerates we see today. As technology seeped into the sector, newer elements came to fore, from branch transactions to any-time money by way of automated teller machines (ATMs).

With people keeping their salaries and savings in bank accounts, it became necessary to enable “any-time withdrawals”, especially given the fact that branches were closed on Sundays and public holidays. Ever since the first fintech marvel, the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Feb 27 2022 | 9:41 PM IST

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