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Home Freelancing Data

ATM Withdrawals flatlining – 2nd order effects? – General – Trading Q&A by Zerodha

admin by admin
May 25, 2023
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Would you buy Zerodha if it gets listed? – General – Trading Q&A by Zerodha
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Pai



May 10, 2023, 4:54am


1

https://twitter.com/dineshpaii/status/1656149880992333825

@mohitmehra and I were discussing this yesterday. A lot of businesses facilitating MicroATMs etc might be impacted gradually as UPI penetrates further.

Do share your thoughts on this.



3 Likes

https://twitter.com/dineshpaii/status/1656159305031200768?s=20

if you see the following tweet seems like it has been the same historically also. personally for me didn’t reduce anything due to UPI… its just the amount reduced by a lot. but the frequency I would say remained the same.

Possibly because the average withdrawal amount might have increased drastically as currency circulation has doubled in the last few years.

The Economic Times

Currency in circulation at Rs 31.22 lakh crore as of March 2022

The Indian currency, in circulation, has increased from Rs 13 lakh crore in 2014 to Rs 31.33 lakh crore in March 2022. The objective of demonetisation, announced on November 8, 2016, was to contain fake currency notes, to limit the usage of high…


Pai



May 25, 2023, 6:19am


4





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Tags: 2ndatmEffectsflatliningGeneralordertradingwithdrawalszerodha

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