By Dr. Devan* For decades, the ATM has been a symbol of convenience. You could withdraw cash without entering a bank branch, day or night. Yet, despite technological leaps in every sector, the ATM remains restricted by outdated boundaries. Most machines still limit you to your own bank for deposits, and often charge a fee for withdrawals from others. In an era where money moves digitally at lightning speed, such limitations feel archaic. It is now the time for a Universal ATM — a machine that allows you to deposit and withdraw from any bank account to any other bank account, instantly. Whether you hold your account in a large national bank, a small co-operative, or even a purely digital institution, you should be able to walk up to any ATM and complete your transaction without thinking twice about “which bank it belongs to.” The infrastructure for such a system already exists. Payment gateways, real-time settlement networks, and biometric verifications are mature technologies. Linking ...
Blog shows articles written by journalist from Karnataka Mr. Manohar Yadavatti on Politics, Nature, People etc