when atm started in india

The first ATM machine in India was introduced in **1987**. The Hongkong and Shanghai Banking Corporation (HSBC) is credited with setting up the country's first Automated Teller Machine in Mumbai. This installation marked the beginning of 24x7 cash access for customers. Following this, the Indian Banks' Association (IBA) further advanced the system by launching **Swadhan**, India's first network of shared ATMs, in 1997.