India has many banks.The leading banks are State Bank of India(SBI), ICICI Bank, Punjab National Bank, Bank of India, HDFC Bank, Axis Bank.SBI has the maximum number of customers.Naturally it also has the most ATMS.SBI ATMs have touch screens.The bank that first started setting up ATMS everywhere was Axis Bank.However Axis uses cheaper ATM machines which are button operated & not touch screen ones.ICICI Bank generally has ATMs out in the open, that is these machines are not placed inside a closed enclosure.HDFC ATMs require your ATM card to be kept inside the machine till the transaction is complete.
Other banks allow cash to be withdrawn by swiping the ATM Card once and then removing the same. The full form of ATM is Automated Teller Machine.ATMs made their appearance around ten years back.The advances in broadband internet technology allowed ATMs to be started on a mass scale in India.Indeed ATMs were started when the Indian economy was in a boom period.But maintaining an ATM is expensive.Rentals of ATM space are high and other costs are always climbing.
As a result banks are now imposing various charges on repeated ATM use.There are other problems too.ATMs are being looted in many places even when the machine is being used by customers.ATM fraud using various methods of fooling the machine & the customer are common. ATMs are used for withdrawing cash.But attempts are being made to allow ATMs to deposit cash too in India.Such machines are already in use in developed countries.