Suggestions for ATM Policy for India.
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Suggestions for ATM Policy for India • The above discussion leads us to raise some serious questions about the ATMs, Although the fact which emerges is that there is no escape from technological advancement, at the same time, answers should be found to questions like how much of new technology should be used? In what areas of banking operations should it be used? When should it be introduced? How much the banks should charge for the new services? ATM should be introduced on a very small scale, to certain areas, in only metro cities. In the initial phase only necessary services should be put on ATM agenda and the system should run on trial for some period. Following are some of the areas where precautions are required. 1. Security: The most important area of trouble related to ATMs will be security. Banks will have to design ways and means of fighting frauds, misappropriations,...


