Over 50 percent of ATMs may be closed in the country till March 2019

New Delhi. Over 50 percent of ATMs may be closed in the country till March 2019. According to the Confederation of ATM Industry (CATMi), there are about 2.38 lakh ATMs in the country. 1.13 lakh ATMs are on the verge of closure. If ATMs are closed in such a large extent in the country, then people may have to face the problem of cash withdrawal. At the same time, millions of people are at risk of being unemployed, because usually, one ATM gets jobs from one to two people.

Government's digital India campaign may seem shocked

ATM Industry spokesman said that due to the shutting down of ATM, the beneficiaries of the Prime Minister's Janhanan Yojana may have to suffer loss. Subsidy of account holders opened under this scheme, MNREGA money, widow pension and other government help come to the bank. At the same time, an ATM card has been given by the government to connect every account holder with digital India campaign. In such cases, if the ATMs are closed, then again a long line will be required for the cash in the banks. According to the industry spokesperson, the most affected digital India will be mounted in this way. Apart from this, circumstances like narcotization can occur in urban areas. Let the most ATMs in non-urban areas be closed.

What is the reason for ATM closure

It has been said from the ATM industry that there has been a lot of change in the rules recently. At the same time, ATM hardware and software had to be updated according to the new notes. It is estimated to cost 3 thousand crores on this. The number of such ATMs is being reduced.

What can I get

If the ATM industry believes, then only one way is that if the bank raises the cost of the ATM, then the additional companies will have to give some extra discounts. It is being said that the bank customer gets less charge instead of providing the ATM service. One reason for this is the low ATM intercharges.