In New Delhi, banks are making a new plan to have more ATMs across the country.
Even though UPI apps like Paytm and PhonePe are popular, banks think people still like using cash.
So, they are going to install over 10,000 new ATMs in the next year or so. This means more machines for people to get cash easily.
Banks did this last year too. They added thousands of new ATMs all over India.
The banks believe that many people still prefer using cash, and they want to make it convenient for them.
Installing new ATMs and replacing old ones will cost the banks a lot of money, about Rs 2,000 crore.
The government banks have 63 percent of all ATMs, and private banks have 35 percent.
There are also ATMs in rural areas that are not run by banks but by other companies.
Here’s an interesting thing: If you have a good location, you can earn money by letting a bank put an ATM on your property.
They might pay you rent every month, and it can be a good way to make some extra money.
You could get between Rs 60 to Rs 200 for every square foot of land you provide. If you have 100 square feet, that could mean Rs 20,000 every month.
If you work with the bank on a franchise model, you might earn up to Rs 60 each month.
