Question

Which bank launched the first ATM system in India in 1987?

• A. Indian Bank
• B. HSBC
• C. Axis Bank
• D. SBI

Answer 1

Answer:

B. HSBC

• First bank to introduce ATM system in India- HSBC ( 1987)

• Indian Bank - Vijaya Bank (Bengaluru, 1988) introduced the first ATM system in India.

• First bank to introduce ATM system in Kerala- British Bank of Middle East (Thiruvananthapuram, 1993)

• ICICI is the first bank to launch a mobile ATM in India

• Bank- SBI launched the first floating ATM in India

• First Post Office Savings Bank ATM in India - Chennai