MICRO ATM


Micro ATM meant to be a device that is used by a million Business Correspondents (BC) to deliver basic banking services. The platform will enable Business Correspondents (who could be a local kirana shop owner and will act as ‘micro ATM’) to conduct instant transactions. The micro platform will enable function through low cost devices (micro ATMs) that will be connected to banks across the country. This would enable a person to instantly deposit or withdraw funds regardless of the bank associated with a particular BC. This device will be based on a mobile phone connection and would be made available at every BC. Customers would just have to get their identity authenticated and withdraw or put money into their bank accounts. This money will come from the cash drawer of the BC. Essentially, BCs will act as bank for the customers and all they need to do is verify the authenticity of customer using customers’ UID. The basic transaction types, to be supported by micro ATM, are Deposit, Withdrawal, Fund transfer and Balance enquiry.
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CASHLESS INDIA

The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India.
  • Increasing the spread of ATM's across all population centres in India
  • Delivering a wide variety of banking services to customers across the banking industry.
  • To promote digital payments through use of credit/debit cards and mobile phone applications/e-wallets etc, the Central Government announced a package of incentives and measures..
  • Cash withdrawal facilities for all bank debit card holders
  • Pin change facilities
  • Perform card-card money transfers across banks
  • Balance enquiry