At the beginning of next year, half of the country's ATMs may be closed

Lack of maintenance somewhere. So, I can not offer the right service again. There are restrictions on the Reserve Bank's regulations. The cost fluctuations are increasing day by day. In the coming years, 50 percent of the ATM can be closed by the end of March. Confederation of ATM Industry (CATMI) warned on Wednesday.

Their director V. Balasubrahmanyam said, "There are millions of people's accounts under Prime Minister's scheme. The ATM funded subsidy. But there is no way. Recently, the Reserve Bank has introduced new rules relating to ATM hardware-software upgrades and ATM payments. So that the cost fluctuation is going to increase a lot. CATMI is forced to take such steps. "


He said at present there are about 2, 38 thousand ATMs at various points of the country. Among which the bank could close 1 lakh ATMs and more than 15,000 White Label ATMs (ATMs without bank-owning financial services).
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According to the RBI's new guidelines, the annual transaction amount of ATM service provider will be at least Tk 100 billion from February next year. This organization has to have 300 self-contained cash vans. For each van, there must be two armed guards and two custodians. It is compulsory to have GPS and CCTV in the car.

This has worried ATM service provider companies. According to them, if you believe so much, the amount of expenditure will increase a lot. It is not possible to manage everything. So they are not seeing any other way than shutting down the ATM service right now.

But common people will get into trouble after all these ATMs are closed together. Millions of people will lose easy access to transaction The country's economy will also have serious implications. The government's dream of creating a digital India will be shocked. Besides, many people will lose their jobs.