π TYPES OF ATM ( Automated Teller Machine )
π¨ White Label ATMs (WLAs): ATMs set up, owned and operated by non-banks (i.e NBFCs) are WLAs. Non-bank ATM operators are authorised under the Payment & Settlement Systems Act, 2007 by RBI.
π¨ Green Label ATMs β ATMs for agricultural transactions.
π¨ Orange label ATMs β ATMs used for share transactions.
π¨ Pink Label ATMs β ATMs that are meant only for women (ease their banking).
π¨ Yellow Label ATMs β ATMs meant for E-commerce facility.
π¨ Brown Label ATMs β ATMs that are outsourced by a bank to a third party (based on the concept of sharing the cost).
π¨ Biometric ATMs β These are ATMs that use security features like fingerprint scanner and eye scanner of the customer to access the bank details.
π¨ Onsite ATMs β ATMs that are located inside the bankβs premises.
π¨ Offsite ATMs- ATMs that are located in various places except inside the bankβs premises.
π¨ White Label ATMs (WLAs): ATMs set up, owned and operated by non-banks (i.e NBFCs) are WLAs. Non-bank ATM operators are authorised under the Payment & Settlement Systems Act, 2007 by RBI.
π¨ Green Label ATMs β ATMs for agricultural transactions.
π¨ Orange label ATMs β ATMs used for share transactions.
π¨ Pink Label ATMs β ATMs that are meant only for women (ease their banking).
π¨ Yellow Label ATMs β ATMs meant for E-commerce facility.
π¨ Brown Label ATMs β ATMs that are outsourced by a bank to a third party (based on the concept of sharing the cost).
π¨ Biometric ATMs β These are ATMs that use security features like fingerprint scanner and eye scanner of the customer to access the bank details.
π¨ Onsite ATMs β ATMs that are located inside the bankβs premises.
π¨ Offsite ATMs- ATMs that are located in various places except inside the bankβs premises.
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