when was atm introduced in india

The Automated Teller Machine (ATM) was introduced in India in 1987. The Hongkong and Shanghai Banking Corporation (HSBC) set up the country's first ATM in Mumbai that year. While foreign banks initiated the introduction in the late 1980s and early 1990s, the widespread adoption gained momentum in the early 2000s. The launch of the National Financial Switch (NFS) further accelerated this growth by linking ATMs across different banks into a unified, nationwide network.