INSUBCONTINENT EXCLUSIVE:
There are no service charges on the transactions done by Aadhaar micro ATMs.
Users can now get doorstep access to banking services by just using Aadhaar micro ATMs (Automatic trailer
machines), said UIDAI (Unique Identification Authority of India) in a tweet posted on it's official handle
Currently, there are over 4 lakh Aadhaar micro ATMs providing card-less and pin-less banking across India, the tweet added
59 crore individuals can now use Aadhaar micro ATMs for banking transactions
Aadhaar micro ATMs payment is a new method that provides complete payment solution where individual's Aadhaar number is enough to make
Aadhaar is a 12-digit unique identity number issued by UIDAI.5 things to know about Aadhaar Micro ATMs:1
Aadhaar micro ATMs allow customers to perform basic financial transactions using only their Aadhaar number and their fingerprint as identity
proof (along with a Bank Identification Number for inter-bank transactions)
Bank representatives carry these machines and hence bring basic banking services at doorsteps
micro ATMs are performed by an operator, thus bringing down the cost of the device and the cost of servicing the customer
The micro ATMs support financial transactions like cash deposit, cash withdrawal, funds transfer and balance inquiry for bank account.
