Volume of Trxns via ATMs (Financial Switches)

The National Financial Switch (NFS) ATM network, links nearly 50,000 ATMs, was transferred from the Institute for Development and Research in Banking Technology (IDRBT) to NPCI in 2009. By 31 July 2025, it comprised 1,361 members — including 118 direct members, 1,197 sub-members, 41 regional rural banks (RRBs), and 5 white label ATM operators (WLAOs) — connected to 2.57 lakh ATMs, covering both cash deposit machines and recyclers.
From June 2022 to July 2025, the overall NFS transaction volumes show a gradual downward trend. In June 2022, the volume was 1,013.77 million, but by July 2025 it had dropped sharply to 261.04 million.
Cash Withdrawals from ATMs forms the bulk of NFS transactions with Volumes reduced from 965.58 million in June 2022 to 250.98 million in July 2025.
The fall mirrors the overall NFS decline, indicating ATM cash withdrawals are the primary driver.
Cash Withdrawals via Micro-ATMs (Card + PIN) Started at 47.61 million in June 2022 and fell to 9.46 million by July 2025, The drop is gradual but consistent, suggesting a shift away from micro-ATM withdrawals.