“Micro” ATM will be started in a phased manner. Initially, the bank will set up 1,50,000 units in Tier II cities and semi-urban areas. These areas generally have high demand for cash withdrawal services, but limited access to ATMs,” the company said in a statement.
The Bank will leverage its strong network of over 5 lakh banking points across India to provide users with easy cash withdrawal access through this initiative.
The company’s plan is 1.5 lakh. to complete the rollout of micro ATMs by the end of the current financial year
Airtel Payments Bank is now integrated with National Payments Corporation of India (NPCI) – National Financial Switch (NFS). micro atm Exchange.
“We are committed to building a financially inclusive India by making banking services accessible to all. The launch of Micro ATM is another step by us. empowerment Customers residing in rural areas of the country.
Airtel Payments said, “This is the first device launched by the bank, and we are really excited, as it allows us to serve customers of any bank using debit cards. Micro ATMs are our existing An important addition to the bouquet of various services.” Ganesh Ananthanarayanan, Chief Operating Officer of the bank said.
Airtel Payments Bank customers will be able to withdraw up to Rs 10,000 per transaction through micro ATMs.
Micro ATMs will be operated by Banking Correspondents (BCs) who will initiate the transaction by entering the withdrawal amount. The customer will then insert his/her debit card into the device and enter pin To confirm the transaction.
BC will authorize the transaction by entering his MPIN to complete the transaction.