Maharashtra tops in ATM numbers

The all-India increase in number of ATMs from June 2013 to June 2016 was 76.48%, showed RBI data.

Written by Khushboo Narayan | Mumbai | Published:October 15, 2016 1:23 am
Reserve bank of India, RBI, Mumbai, Maharashtra ATM, ATM, automated teller machines, RBI data, maharashtra news, Mumbai news, India news Maharashtra was followed by Tamil Nadu, which had 23,728 ATMs. (Source: Wikimedia)

Maharashtra has the highest number of automated teller machines (ATMs) in the country at the end of June, according to Reserve Bank of India data. The state had 24,829 ATMs, about 11.5% of cash dispensing machines across the country.

Maharashtra was followed by Tamil Nadu, which had 23,728 ATMs. Andhra Pradesh, Uttar Pradesh and Karnataka make up the top five states with maximum ATMs. The total number of ATMs in India was registered at 2,15,039 at the end of June.

The all-India increase in number of ATMs from June 2013 to June 2016 was 76.48%, showed RBI data. Maharashtra’s growth rate was lower at 63.05%, perhaps reflecting the high number of ATMs the state already has.

On the other hand, Nagaland saw the highest increase during this period. The number of ATMs in the north-eastern state jumped 174.55% to 302. Among the larger states, Bihar’s ATMs jumped 156.43% to 7675. Uttar Pradesh too saw its ATMs more than double to 19143 during this period.

In August 2016, the total number of ATM transactions in India was 75.6 crore compared to 8 crore cheques cleared and 7 crore mobile banking transactions.

ATMs gain in importance with the new branch rationalisation policy announced by RBI last week. It said any ATMs manned by bank staff for providing limited customer based banking services (apart from services made available through ATMs/such kiosks) to their walk-in customers, should also be treated as a banking outlet i.e equivalent to a branch.

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