................ATMs in India have become a preferred mode of banking transactions for both customers and banks, due to the convenience and cost-saving factors. The volume of ATM transactions increased from 17,797 lakh aggregating to Rs 4,38,151 crore during 2007-08 to 23,530 lakh ( barely 2 transactions per head per year for entire population of nearly 1.1 billion) aggregating to Rs 6,16,456 crore during 2008-09, as per RBI..............
RSK
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