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HDFC Bank Restructures ATM Network
July 31, 2017
In a first, private sector HDFC Bank has reduced its ATM network by shutting down ATMs that were mostly unused by the customers. According to the lender, the reduced foot traffic has to do with more and more people switching to digital payments in comparison to cash-based payments.
HDFC Bank deputy MD said that the customers who would use debit cards to withdraw money from ATMs are now using them at shops for direct transactions. He added that they had seen a major drop in the volume of ATM transactions lately.
