ATMs Become Costly At Customer's Expense

Besides, banks are now on a mission propose to improve the security setup outside the ATM’s. After the incident that had taken place in Bangalore, it is clear that a tight security is quite necessary in order to avoid any negative situation to occur. Some banks also feel that those ATM’s that are not that used shall be closed during nights thereby reducing the amount of charges paid to the security persons. According to bankers, several state governments are demanding 24x7 security at ATMs and the cost of which is around 40, 000 a month.

Over the years, the ATM industry in the country has witnessed growth of around 26.8 percent. Now there are only 1,37,000 ATM’s in the country whereas the requirement lies up to 4,00,000.Thus there should be an improvement in the security setup.

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