Sat Apr 01 2023

✅Types of ATM :- ♦️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 ATM – 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.