![]() In June 2023, considering technological advances and socio-economic changes, the Railway Board revised its policy on Automated Teller Machines (ATMs) and Digital Banking Units (DBUs) on Indian Railway premises. Despite earning ₹165.15 crore in license fees from banks during the review period, ₹10.37 crore was outstanding as of March 2021. This policy was later withdrawn in favor of reverting to the 2001 decision.Ī test check by auditors in 32 divisions across zonal railways revealed a decrease in the number of ATMs from 666 in 2017 to 614 in 2021. ![]() However, in 2017, a new policy was introduced, planning for the installation of 2,000 ATMs at stations and nearby areas over a 10-year period. The Railway Board had initially allowed the installation of ATMs by banks at railway stations in 2001. Previously, ATMs were installed at railway stations, but they gradually closed over the years due to banks withdrawing from the initiative, citing financial burdens. While mobile banking and various UPI applications have increased cashless transactions at railway stations, these ATMs offer an alternative for travelers who prefer using cash, according to Singh. The initiative aims to assist train passengers by providing them with a cash option for various transactions during their travels. Wish Team India for their World Cup final against Australia
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