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Micro ATM Services

The MicroATM Machine is operated by an agent that will includes a card reader for all cash withdrawal and balance enquiry transactions from all bank debit cards. All Transaction can be done Micro/mini ATM? - Cash Withdrawal (cash out from bank account)

The benefit of Micro ATM
    • Convert your shop into an ATM booth
    • Get a low-cost ATM, the best option for the current ATM
    • Use this Portable device in many ways
    • Set up and carry your ATM Services anywhere
    • Interoperate this device and use it for any banks
    • Help people of your area, especially in a rural area
AEPS
What services are available by ATM ?

Automated Teller Machines (ATMs) are mainly of two types. One is a simple basic unit that allows you to withdraw cash, check your balance, change the PIN, get mini statements and receive account updates. The more complex units provide facilities for cash or cheque deposits and line of credit & bill payments.

When did micro ATM service start ?

It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking. It is run by the National Payments Corporation of India (NPCI).

What is micro ATMs in India ?

Micro ATMs, as the name suggests, are small ATMs or card-swipe machines that are portable and handheld. They also facilitate cardless money disbursal, using the Aadhaar-enabled payment system (AePS) at remote locations.

Who launched micro ATM ?

Airtel Payments Bank has announced the launch of Micro ATMs – a step towards better facilitating convenient cash withdrawals for debit card users residing beyond the metro and Tier 1 cities in India.

What is the limitation of micro ATM ?

Disadvantages: Micro ATM cannot provide 'anytime' money. Hence, if the bank correspondent is unavailable or the shopkeeper has shut his shop, the account holder will not be able to undertake any financial transaction.