Reserve Bank of India feels that cost effective access to ATMs will encourage usage of ATMs and want banks to reduce the Service charges for ATMs and soon phaseout all fees. This is good news for customers.
But in future banks may not be interested in investing in new ATMs. Even maintaining present ATM networks may become unviable for banks. So rationalization & transparency in rates is need of the hour for a increased usage of ATMs, not phasing out of fees.
Friday, December 28, 2007
Will banks invest in new ATMs ?
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2 comments:
Yes! I agree. Need is to expand the ATM network so that it reaches unbanked areas. But for that ATM operations need to be viable for banks.
A good way to do this would be to use used or refurbished machines that are much cheaper than new.
Does anyone know of companies that purchase used ATM machines?
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