when atm introduced in india

The Automated Teller Machine (ATM) was introduced in India in 1987. The first ATM was installed in the Mumbai branch of the Hongkong and Shanghai Banking Corporation (HSBC). Initially, the adoption was slow, but the technology gained widespread popularity in the early 1990s as more foreign banks deployed them. ATMs have since become a vital part of the banking infrastructure, offering 24/7 access to cash withdrawals and other essential services.