When did ATM arrive in India? When was the first ATM opened in India?

Hello friends, and welcome all of you to the new and informative post. I hope you are doing well and taking care of yourself.

Do you use an ATM card? If yes, you are going to find this information very interesting.

Friends, you must have seen the ATM (Automatic Teller Machine) of the bank somewhere, if you have the card, you must have used it at the ATM. In such a situation, you would have known about ATM.

But do you know when the first ATM in India was opened?

May not know. So today's article is about the history of Atm in India. It can only be said that this is a kind of common sense.

In such a situation, to get important interesting information about ATM history and ATM, you should read this article till last so that you can get complete information.

When did ATMs come to India?

In the new age of technology, technology is now fully utilize in all fields. Whereas in the past it took hard work and time to do any job, nowadays many jobs are easily completed with the help of technology.

Since you and I were born into this technological age we and you should have discovered that technology like ATM is a common one. But in the 18th and 19th centuries this was not a miracle. Innovations in science and technology are always happening. That is why there is a difference between today's science and the science of that time.

ATMs are a great example of this science and technology that has become a part of people's common lives today. You would be surprised to hear that the creator of the ATM, i.e. the inventor, was born in the Indian state of Meghalaya. Although ATMs were invented before the advent of ATMs in India.

When was the ATM invented?

John Shepherd Baron is considered an ATM inventor. He was born on June 23, 1925 in Shillong, India.

John Shepherd was an engineer at a printing company called Baron de la Rue. The idea of ​​making him an ATM came from a candy painting machine. He then led his team and together they developed the world's first modern generation ATM.

If we talk about the first installation of the modern generation, such an ATM was first opened in 1967 by Barcel Bank in London.

But it was not used anywhere before 1967. Such sources claim to have been used since the 1960s. Then its name is slightly different i.e. Benzograph. The fact that it was also used in Japan in 1966 goes nowhere. But if we talk about the beauty of modern ATMs, it was launched in London in 1967.

Another thing about the ATM was that its inventor, John Shepherd, had trouble remembering the PP6-digit PIN, which is where he kept the 4-digit PIN. From then until today it has been the custom to put four needles in the ATM.

When was the first ATM set up in India?

India's first ATM opened in Mumbai in 1987. ATM opened by HSBC (Hongkong and Shanghai banking Corporation) branch.

Many ATMs have been set up since then, from which people have been wiping out assistance. In 2004, SBI, the State Bank of India, set up the world's first floating ATM in Kochi. Today, State Bank of India is said to have the largest number of ATMs.

According to a report by the Reserve Bank of India for the year 2016-2017, Maharashtra has the largest number of ATMs. As the number of ATMs increases, people are reaping the benefits every day. The ATM is a revolutionary invention in the history of banking.

What are the types of ATMs?

If you are a student, it is almost essential for you to know how many types of ATMs there really are. You may think that ATM is only one type. All these ATMs do only one thing, it is withdrawing and depositing!

But the ATM is divided into several parts by many things like this. There are many types of ATMs. So let us know in detail about those ATMs.

Onsite ATM

These are ATMs located within the bank premises. You can definitely see the ATM on most banking premises as you know it by the name of Onsite, i.e. ATMI where the bank is located. Where does such an ATM go for an onsite ATM? However, you will not find an ATM on the premises of every bank. can get. Onsite ATMs are common in urban areas.

Offsite ATM

These are ATMs located outside the bank premises. 

This ATM is often found in any bus station, train station, airport, market, mall etc.

As you know from the name, offsite are ATMs installed outside the bank premises. The number of offsite ATMs is higher than the number of onsite ATMs.

White Label ATM

A white label ATM is an ATM not installed by the bank. I.e. setting up another company. Also, the owner of the ATM is the same company.

All the services in this ATM are the same as in a normal ATM. These types of ATMs are set up only by NPFC, a non-bank financial institution. Tata Communications Payment Solutions Limited (TCPSL) is the first company in India to open a white label ATM. It is a subsidiary of Tata.

Brown Label ATM

Brown Label ATM is an ATM whose hardware is owned by another service provider but the money transfer and connection to the banking networks are operated by the sponsor bank. This type of ATM will have the logo of the sponsor bank.

Orange Label ATM

This type of ATM is used for stock exchange.

Yellow Label ATM

This type of ATM is mostly used for online purchases i.e. eCommerce facility only.

Pink Label ATM

The pink label is associated with ATM women.

Green label ATM

Through this, ATMs have been set up to carry out transactions related to the agricultural sector.

Some questions and answers related to when ATM opened in India

1) Where was the first ATM set up in India?

Answer: - 19871

(2) Who was the founder of the first ATM in India?

Answer: - HSBC (Hong Kong and Shanghai Banking Company).

3) Which bank has the largest number of ATMs in India?

Answer: - SBI in Maharashtra.

4) Where in India was the inventor of the ATM born?

Answer: - John Shepherd Barron was born on 23 June 1925 in Shillong, India.

(5) Where the ATM is located at the highest point in India

Answer: - The highest ATM is installed in a dump near Nathula La at an altitude of 14300 feet. This ATM was set up by UPI i.e. Union Bank of India. This is the tallest ATM in the world.

Conclusion

I hope you enjoy reading this information. In this article, I have also written a history of when ATMs came to India and the types of ATMs and ATMs. Maybe you should have got some new information.

In such a situation, I would like to tell you that if you find a little information in this article, be sure to share it on social media. So that others can know about it.

To read informative articles like this, be sure to follow SaRaisay on social media. So you can continue to clear the notification.

So today I meet you again with a new and intelligent post. Until then be happy, have fun, yes, definitely wear a mask and wash your hands again and again.