Bank of India is reportedly planning to shut 400 ATMs and will take a call on closing a further 300 ATMs by the end of February, to cut cost. The move is a part of a turnaround plan that aims to cause minimal inconvenience to customers.
The plan involves the bank analysing customer requirements, usage pattern and locations before shutting the ATMs. In April this year, they reduced the number of their ATMs of 7,717 from 7,807 ATMs in December.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
