Our banking is fast progressing in technology. Use of ATMs is one such development. One can see numerous ATMs put up in clusters. Say in one street or commercial locality there is so many ATMs each belonging to different banks . Actually only one machine can handle all the transactions being done by all the ATMs in the locality put together. But for the brand name and publicity ,each bank is spending public money indiscriminately. The cost of one ATM is nearly thirty lacs and the recurring cost is not less than thirty thousand per month. Imagine the magnititude of expenditure banks are wasting for publicity without any use to the public.
Further the ATMs can be used for multivarious banking activities. But in India we are using it only for withdrawing money. Few private banks are using them for depositing also .if all the banks use all hir ATMs for whatever utilities they are compatible then it will be saving good amount of time and money . Who and how the public is going to be educated? WEREVGO?
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