Which bank introduced ATM in India first?
Daniel Santos
Updated on February 09, 2026
HSBC
The first ATM in India was set up in 1987 by HSBC in Mumbai.
Who introduced the first ATM?
John Shepherd-Barron
The first ATM was set up in June 1967 on a street in Enfield, London at a branch of Barclays bank. A British inventor named John Shepherd-Barron is credited with its invention. The machine allowed customers to withdraw a maximum of GBP10 at a time.
Who introduced first mobile ATM in India?
ICICI Bank
Mumbai 400 051 ICICI Bank, India’s largest private sector bank, today announced the launch of “ATM on Wheels”, India’s first Mobile ATM, in Mumbai.
When was the first ATM introduced?
September 1969
In the U.S., Dallas-based engineer Donald Wetzel pioneered the development and deployment of the ATM, with the first being installed at the Chemical Bank branch in Rockville Center, New York, in September 1969. And ATM popularity continued to grow around the world.
Which is Indian Bank introduced the first ATM in India?
HSBC — the Hongkong and Shanghai Banking Corporation — was the first bank to introduce the ATM concept in India way back in 1987. Now, most of the banks have their ATM outlets in India. Inventor John Shepherd-Barron installed the world’s first automatic cash dispenser at a Barclays Bank branch near London in 1967.
When was the first ATM set up in the world?
When was the first ATM set up in the world? When did India get one? The first use of ATM magstripe cards is said to have been made in 1969 when Docutel installed its Docuteller machine at New York’s Chemical Bank. This is the first recorded use of magnetically encoded plastic. Donald C Wetzel is given credit for developing the machine for Docutel.
Which is the best ATM sharing network in India?
After the collapse of Swadhan, Bank of India, Union Bank of India, Indian Bank, United Bank of India and Syndicate Bank formed an ATM-sharing network called CashTree. Citibank, the Industrial Development Bank of India, Standard Chartered Bank and Axis Bank formed a similar network called Cashnet.
Which is the first bank to provide mobile ATM?
★ ICICI is the first bank to provide mobile ATM. ★ Bank of Baroda has the maximum number of overseas branches. ★ When it comes to the total number of maximum branches in the world, State Bank of India holds 2nd Position.
