|TYPES OF ATM ( Automated Teller Machine )|
TYPES OF ATM ( Automated Teller Machine )
🖨 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.
🖨 Green Label ATMs – ATMs for agricultural transactions.
🖨 Orange label ATMs – ATMs used for share transactions.
🖨 Pink Label ATMs – ATMs that are meant only for women (ease their banking).
🖨 Yellow Label ATMs – ATMs meant for E-commerce facility.
🖨 Brown Label ATMs – ATMs that are outsourced by a bank to a third party (based on the concept of sharing the cost).
🖨 Biometric ATMs – These are ATMs that use security features like fingerprint scanner and eye scanner of the customer to access the bank details.
🖨 Onsite ATMs – ATMs that are located inside the bank’s premises.
🖨 Offsite ATMs- ATMs that are located in various places except inside the bank’s premises.