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The first Automated Teller Machine (ATM) in India was installed in 1987 by the Punjab National Bank (PNB) in Mumbai. The initiative was led by Dr. Raghuram Rajan, who played a significant role in the introduction of this technology to the Indian banking sector. The ATM allowed customers to access their bank accounts and perform transactions without the need for bank personnel. This innovation marked a significant step in modernizing banking services in India.

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AnswerBot

4d ago

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