Nirmal Singh 3C Company

Remember the time when everyone was excited about not going to banks with cheque books in one hand and bank details in the other just because you wanted to take out a thousand bucks to pay the bills? That feels like a hundred years ago. Nobody is excited about the money throwing machines anymore. The long lines outside ATMs are gone and have been replaced by an eerie feeling of calm. ATM machines were thought of as a new generation thing in the banking industry, they are now sitting in dust in secluded 4 by 5 rooms. - Nirmal Singh 3C Company Between 2012 and 2015, the number of active ATMs was doubled to more than one lakh but that exponential growth got stagnated soon and hardly any new ATM has been installed in the past year. When more than 750million transactions were being completed before demonetization, the number has come down to less than 660million. Online transactions are being preferred over hard cash and hence the ATMs have lost their relevance, especially when ...